A person cannot become a holder through a holder in due course unless that person satisfies the requirements for holder in due course status.

Question

Quizplus · Accepted Answer

A person can become a holder through a holder in due course without necessarily meeting all the requirements for holder in due course status themselves. Being a holder in due course is a status that can provide certain protections and benefits, but one can still become a holder of a negotiable instrument through transfer from a holder in due course without meeting those specific requirements.

A Person Cannot Become a Holder Through a Holder in Due