A promise to give value in the future is normally sufficient to confer the rights of a holder in due course (HDC)on one in possession of a negotiable instrument.

Question

Quizplus · Accepted Answer

A promise to give value in the future does not confer the rights of an HDC unless the promise is actually fulfilled. The requirements of being an HDC include taking the instrument for value, in good faith, without notice of any defects or issues with the instrument.

A Promise to Give Value in the Future Is Normally