Holder in Due Course: Without Notice
Learn about the requirement that, to be a holder in due course, the holder must take the instrument without notice of certain problems with the instrument.
Transcript
As you may recall from another lesson, to attain holder-in-due-course status, a person must be the instrument’s holder, take the instrument for value and in good faith, and take the instrument without notice of various problems affecting the instrument’s enforceability.
We’ve already discussed the first three requirements; now, let’s look at the last one.
I. Taking without Notice
To be a holder in due course, the holder must take the instrument without notice of various problems affecting the...
