A holder qualifies as a holder in due course even if at the time the instrument was issued or negotiated to the holder,the instrument bore apparent evidence of forgery or alteration or was otherwise so irregular or incomplete as to call into question its authenticity.

Question

Quizplus · Accepted Answer

A holder cannot qualify as a holder in due course if the instrument bore apparent evidence of forgery, alteration, or irregularity that calls into question its authenticity at the time it was issued or negotiated.

A Holder Qualifies as a Holder in Due Course Even