In terms of the requirements for HDC status, first a party must be a holder of a negotiable instrument.

Name: In terms of the requirements for HDC status, first a party must be a holder of a negotiable instrument.
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Quizplus · Accepted Answer

To achieve the status of a holder in due course (HDC), the first step is indeed to be a holder of the negotiable instrument, which means possessing the instrument in a manner that the law recognizes as sufficient to transfer the rights of the instrument to the possessor.

In Terms of the Requirements for HDC Status, First a Party