A holder in due course must meet all of the following conditions except:
A) giving value for the instrument.
B) taking the instrument when it is overdue.
C) acting in good faith.
D) being ignorant of defenses and adverse claims.

Question

Quizplus · Accepted Answer

A holder in due course must give value for the instrument, act in good faith, and be ignorant of certain defenses and adverse claims. However, there is no requirement that the holder take the instrument when it is overdue to qualify as a holder in due course.

A Holder in Due Course Must Meet All of the Following