To qualify as a holder in due course under the shelter principle,the holder must qualify as a holder in due course in his or her own right.

Name: To qualify as a holder in due course under the shelter principle,the holder must qualify as a holder in due course in his or her own right.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The shelter principle allows a holder to obtain the rights of a holder in due course even if they do not qualify as one themselves, as long as they derive their title through a holder in due course.

To Qualify as a Holder in Due Course Under the Shelter