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§ 3-302. HOLDER IN DUE COURSE. - LII / Legal Information Institute
https://www.law.cornell.edu/ucc/3/3-302
WebHOLDER IN DUE COURSE. (a) Subject to subsection (c) and Section 3-106 (d), " holder in due course " means the holder of an instrument if: (1) the instrument when issued or negotiated to the holder does not bear such apparent evidence of forgery or alteration or is not otherwise so irregular or incomplete as to call into question its ...
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Holder in due course - Wikipedia
https://en.wikipedia.org/wiki/Holder_in_due_course
WebIn commercial law, a holder in due course (HDC) is someone who takes a negotiable instrument in a value-for-value exchange without reason to doubt that the instrument will be paid. If the instrument is later found not to be payable as written, a holder in due course can enforce payment by the person who originated it and all previous holders ...
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Holder In Due Course: Everything You Need to Know - UpCounsel
https://www.upcounsel.com/holder-in-due-course
WebFeb 1, 2023 · The holder in due course is a concept that refers to the party who holds an important, and often negotiable, document.3 min read updated on February 01, 2023. This document is sometimes referred to as an instrument because it is often an instrument of payment. This might include a bank note, draft, or check.
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Holder in Due Course Rule | Federal Trade Commission
https://www.ftc.gov/legal-library/browse/rules/holder-due-course-rule
WebRule Summary. The Preservation of Consumers’ Claims and Defenses [Holder in Due Course Rule], formally known as the "Trade Regulation Rule Concerning Preservation of Consumers' Claims and Defenses," protects consumers when merchants sell a consumer's credit contracts to other lenders.
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holder in due course | Wex - LII / Legal Information Institute
https://www.law.cornell.edu/wex/holder_in_due_course
WebA holder in due course is any person who receives or holds a negotiable instrument such as a check or promissory note in good faith and in exchange for value; without any notice or suspicion that it is overdue or was previously dishonoured.
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24.2: Holder in Due Course - Business LibreTexts
https://biz.libretexts.org/Bookshelves/Civil_Law/Law_of_Commercial_Transactions/24%3A_Holder_in_Due_Course_and_Defenses/24.02%3A_Holder_in_Due_Course
WebApr 23, 2023 · Understand why the concept of holder in due course is important in commercial transactions. Know what the requirements are for being a holder in due course. Determine whether a payee may be a holder in due course. Know what the shelter rule is and why the rule exists.
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Holder in due course Definition & Meaning - Merriam-Webster
https://www.merriam-webster.com/dictionary/holder%20in%20due%20course
WebThe meaning of HOLDER IN DUE COURSE is one other than the original recipient who holds a legally effective negotiable instrument (such as a promissory note) and who has a right to collect from and no responsibility toward the issuer.
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Holder in Due Course and Defenses - GitHub Pages
https://saylordotorg.github.io/text_law-of-commercial-transactions/s27-holder-in-due-course-and-defen.html
WebWhat the holder in due course gets is an instrument free of claims or defenses by previous possessors. A holder with such a preferred position can then treat the instrument almost as money, free from the worry that someone might show up and prove it defective. Requirements for Being a Holder in Due Course.
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holder in due course Definition, Meaning & Usage | Justia Legal …
https://dictionary.justia.com/holder-in-due-course
WebDefinition of "holder in due course" An individual holding a check or promissory note without suspicion of it being claimed by another party or previously dishonored and having obtained it in good faith in return for value. How to use …
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21: Holder in Due Course and Defenses - Business LibreTexts
https://biz.libretexts.org/Bookshelves/Civil_Law/Legal_Aspects_of_Commercial_Transactions/21%3A_Holder_in_Due_Course_and_Defenses
WebApr 23, 2023 · LibreTexts. Learning Objectives. After reading this chapter, you should understand the following: What a holder in due course is, and why that status is critical to commercial paper. What defenses are good against a holder in due course.
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