According to the shelter principle,if a holder cannot attain holder-in-due course status,the holder cannot acquire the rights and privileges of a holder in due course even if the item is being transferred from a holder in due course.

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According to the shelter principle,if a holder cannot attain holder-in-due course status,the holder can acquire the rights and privileges of a holder in due course if the item is being transferred from a holder in due course.

According to the Shelter Principle,if a Holder Cannot Attain Holder-In-Due