When a negotiable instrument is transferred, a holder in due course obtains only those rights that the transferor had in the instrument.

Name: When a negotiable instrument is transferred, a holder in due course obtains only those rights that the transferor had in the instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A holder in due course obtains greater rights than the transferor, including immunity from certain defenses that could be raised against the transferor.

When a Negotiable Instrument Is Transferred, a Holder in Due