A holder in due course is in the same position as the person from whom a negotiable instrument was received.

Name: A holder in due course is in the same position as the person from whom a negotiable instrument was received.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A holder in due course holds the instrument free from many defenses and claims that could be asserted against the original party, thus often in a better position than the person from whom the negotiable instrument was received.

A Holder in Due Course Is in the Same Position