Social Sciences and the Law

View all subjects at Answers Encyclopedia

How does the UCC define a holder in due course?

 
Link to this answer

Close Close

Link to this answer

Share this credible answer with others. Simply paste this code into your blog or Web page:

<a href="http://answers.encyclopedia.com/question/does-ucc-define-holder-due-course-529563.html" >How does the UCC define a holder in due course?</a>

The uniform commercial code (UCC) defines a holder in due course as one who takes an instrument for value in good faith absent any notice that it is overdue, has been dishonored, or is subject to any defense against it or claim to it by any other person.

Answer verified with
Get more facts and information about Holder in Due Course from West's Encyclopedia of American Law at Encyclopedia.com.

Similar questions: What is the UCC? What is a holder in due course according to the UCC? [ Hide these questions ]

Related research questions

Related entries at HighBeam Research

Questions and answers on stop payment claims Texas Banking ...First, let's define the three types...Commerce Code (UCC) defines a "cashier...3.312 of the UCC, enacted in 1995...stolen. Under the UCC sec. 3.312...declaration of loss, a holder of the check...as a holder in due course? A: If the obligated...