The status of holder in due course was created to encourage the free transferability of negotiable instruments.
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Q18: Under the shelter rule,the transferee gets the
Q19: Subsequent indorsers are always bound by an
Q20: An indorsement limiting payment to a particular
Q21: The "value" requirement of a holder in
Q22: A "holder" may transfer the instrument,negotiate it,enforce
Q24: It is necessary that one own the
Q25: Buying a negotiable instrument at a discounted
Q26: A check is made payable "to the
Q27: A payee may be a holder in
Q28: A holder in due course would have
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