Regardless of the holder's actions,she may stipulate that she will not acquire the rights of a holder in due course if she cannot qualify as a holder in due course.

Question

Quizplus · Accepted Answer

A holder may stipulate that they will not acquire the rights of a holder in due course, but this does not change the fact that if they meet the requirements for being a holder in due course under the law (possession of the instrument, good faith, and without notice of any defect), they can still acquire such rights regardless of any personal stipulations.

Regardless of the Holder's Actions,she May Stipulate That She Will