A person can be considered to be a holder in due course even though he or she did not give consideration for the instrument.

Name: A person can be considered to be a holder in due course even though he or she did not give consideration for the instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A holder in due course is a person who takes an instrument for value, in good faith, and without notice of any defenses or claims against it. Consideration is not required for a person to be a holder in due course.

A Person Can Be Considered to Be a Holder in Due