Holder vs Holders in Due Course.docx

Holder vs Holders in Due Course.docx - Holder vs Holders in...

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Holder vs Holders in Due Course Holder- anyone in possession of a check that is payable to them o Payee o Indorsee o Payable to bearer o Payable to cash A. Holder in Due Course Requirements a. Have to be a holder b. Must have attained instrument in ordinary course of business c. Must give value i. Must be selling a good/rendering a service in return for the check b. Must be in good faith c. Ignorance of any defenses d. You cannot know of any problems with accepting a check o If all these requirements are fulfilled then the holder in due course
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  • Fall '08
  • R
  • Business Law, Payment, Credit card, Holder vs Holders

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