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A holder in due course is in the same position as the person from whom a negotiable instrument was received.
Holder in Due Course
A party that has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be asserted against the original payee.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
- Acquire knowledge on the distinctions within jurisdiction for consumer protection and sales law.
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Learning Objectives
- Acquire knowledge on the distinctions within jurisdiction for consumer protection and sales law.
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