Only a holder in due course can legally negotiate commercial paper.

Question

Quizplus · Accepted Answer

A holder in due course is a person who has acquired commercial paper for value, in good faith, and without notice of any defects or issues with the paper. This holder has certain legal rights and protections that other holders do not have, including the ability to negotiate the paper and enforce its terms against other parties. Therefore, only a holder in due course can legally negotiate commercial paper.

Only a Holder in Due Course Can Legally Negotiate Commercial