A holder in due course would have the right to collect from the original maker of an instrument even if the maker had a valid personal defense.
Correct Answer:
Verified
Q23: The status of holder in due course
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
Q29: A bank "gives value" when it allows
Q30: A person is never entitled to enforce
Q31: An executory promise is the giving of
Q32: A person who takes a check stamped
Q33: Under the shelter rule,a person who is
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