Bob received a check from Ruby that had been made payable to Ruby and properly endorsed to Bob. In which of the following situations did Bob give value and become a holder in due course of the check?

		Bob received the check in an illegal matter.
		Bob received the check in exchange for promising to give Ruby's daughter guitar lessons.
		Bob received the check as a graduation gift from Ruby.
		Bob received the check as partial payment of a loan he had made to Ruby.