A party who receives a negotiable instrument as a(n) ________ or through mistake will be a holder instead of a holder in due course.

Name: A party who receives a negotiable instrument as a(n) ________ or through mistake will be a holder instead of a holder in due course.
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Question

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A party who receives a negotiable instrument as a gift or through mistake does not meet the requirement of giving value, which is necessary to be a holder in due course. Therefore, they are simply a holder.

A Party Who Receives a Negotiable Instrument as A(n) ________