A person who accepts an instrument that has been completed without knowing that it was incomplete when issued can take it as an HDC.

Question

Quizplus · Accepted Answer

An HDC (holder in due course) is a person who acquires a negotiable instrument, such as a check or promissory note, for value and without knowledge of any defects in the instrument or in the transaction underlying it. Therefore, if a person accepts an instrument without knowing that it was incomplete when issued, and they meet the other requirements of being an HDC, they can be considered as such.

A Person Who Accepts an Instrument That Has Been Completed