A holder in due course can acquire greater rights than his transferor had.

Name: A holder in due course can acquire greater rights than his transferor had.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because a holder in due course takes the negotiable instrument free from most defenses and claims that could be raised against the transferor. Therefore, the holder in due course has a higher level of protection and rights than the original transferor.

A Holder in Due Course Can Acquire Greater Rights Than