Law Dictionary

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holder in due course

"Holder means a person who is in possession of an instrument drawn, issued or endorsed to him or to his order or to bearer or in blank. Holder in due course is any person who acquires lawful possession of a negotiable instrument in good faith, in exchange for something of value, and without notice that any prior negotiator held such instrument with a defective title."

Source : lawyerintl.com 2005

Language : English

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