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24.1: Introduction

  • Page ID
    25679
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    LEARNING OBJECTIVES

    After reading this chapter, you should understand the following:

    1. What a holder in due course is, and why that status is critical to commercial paper
    2. What defenses are good against a holder in due course
    3. How the holder-in-due-course doctrine is modified in consumer transactions

    In this chapter, we consider the final two questions that are raised in determining whether a holder can collect:

    1. Is the holder a holder in due course?
    2. What defenses, if any, can be asserted against the holder in due course to prevent collection on the instrument?

    24.1: Introduction is shared under a not declared license and was authored, remixed, and/or curated by LibreTexts.

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