A payee may be a holder in due course under the Code.

Name: A payee may be a holder in due course under the Code.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), a payee who meets certain requirements such as acquiring the instrument for value, in good faith, and without notice of any defects or claims to the instrument, may qualify as a holder in due course. As a holder in due course, the payee has certain rights and protections under the UCC.

A Payee May Be a Holder in Due Course Under