1. although a promise to give value in the future is a valid consideration to support a contract, it does not constitute value to make the promisor an hdc.
2. a holder takes an instrument for value only to the extent that the promise has been when an instrument is purchased at a bankruptcy sale, the holder will not be a(n) a holder who does not act in the process of acquiring the instrument cannot be an hdc. the good faith requirement applies only to the a person who takes a negotiable instrument from a thief may become an hdc if the person acquired the instrument in good faith and had no reason to be of the transaction.