Holder In Due Course - Law Dictionary Search Results
Holder in due course
Matched in: Term Holder in due course
holder in due course
Matched in: Term holder in due course
bona fide holder
Matched in: Term bona fide holder
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negotiable instrument
order of a holder upon issue, possession, demand, or at a specified time [was determined to be a holder in due course of a negotiable instrument] see also bearer, holder in due course … specified time [was determined to be a holder in due course of a negotiable instrument] see also bearer, holder in due course
defense
: a defense of an obligor under a negotiable instrument that can be asserted against anyone but a holder in due course real defense : a defense of an obligor of a negotiable instrument that may be asserted even against … defense : a defense of an obligor of a negotiable instrument that may be asserted even against a holder in due course NOTE: Section 3-305(a)(1) of the Uniform Commercial Code sets out the real defenses as infancy, duress, lack of
Bill of Exchange
assigned or negotiated is the endorsee or holder, and so on ad infinitum. A payee is not a holder in due course, Jones v. Waring, 1926 AC 670. The earliest recorded bills of exchange, according to Beckmann (Hist. Invent. iii.
Alteration
subsequent indorsers. But if the alteration is not apparent, and the bill is in the hands of a holder in due course, such holder may avail himself of the bill as if it had not been altered, and may enforce
title
negotiable instrument or real property) that is valid in fact or law or beyond a reasonable doubt [a holder in due course acquires good title to the item] ;esp : marketable title in this entry In·di·an title : title held
Maker
he 'engages that he will pay it according to its tenour, and is precluded from denying to a holder in due course the existence of the payee and his than capacity to endorse.'-Bills of Exchange Act, 1882, s. 88.
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