The VP of the Heavy Haul Transportation Division at Lone Star Transportation has determined four possible scenarios for expanding the heavy haul division into the Midwest region of the United States. The economy is solid and there are very few heavy haul companies in the Midwest, so the VP expects business opportunities to be plentiful in the Midwest. The VP will likely choose the option that .

1. under the uniform commercial code (ucc), value has not been given if the holder (1 point) gives an irrevocable obligation as payment. gives a non-negotiable instrument. performs the agreed-upon promise. acquires a security interest 2. if an individual takes an instrument believing it was intended as an honest transaction, then he or she will qualify as a holder in due course based on which of the following requirements? (1 point) in good faith without notice of defect no evidence of irregularity for value 3. helen harrison creates an instrument containing the words “pay jose sanchez” and her signature. this is a endorsement and creates paper. (1 point) qualified, order special; bearer special; order blank; bearer 4. breach of contract, fraud, illegality of a contract, and the discharge of an instrument by cancellation are all examples of (1 point) taking without notice of defect. no evidence of forgery. immunity from personal defenses. personal defenses