A "holder in due course" takes an instrument without notice that anything is wrong with the underlying transaction.

Name: A "holder in due course" takes an instrument without notice that anything is wrong with the underlying transaction.
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Question

Quizplus · Accepted Answer

A holder in due course is a holder who takes an instrument: (1) for value; (2) in good faith, and (3) without notice that anything is wrong with the underlying transaction.

A "Holder in Due Course" Takes an Instrument Without Notice