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Kris transfers a note, on which Liu is the maker, to Mia, who takes it for value and in good faith. Mia knows that Kris breached the contract underlying the note, giving Liu a defense against payment. With respect to this note, Mia is

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jaquelinefvr

With respect to this note, Mia is an ordinary holder.

What is a ordinary holder?

Corresponds to an individual who acquires a good or service in good faith against a payment, becoming the owner of the good and with the expectation that the purchase and sale process will be carried out by law.

Therefore, a ordinary holder like Mia, who knows of the breach of contract underlying the note, gives the maker Liu the legal right not to make the payment.

Find out more about contract here:

https://brainly.com/question/5746834

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