A holder becomes a holder in due course if they meet all the following requirements except:
A) Takes the instrument for value
B) Takes the instrument in good faith.
C) Takes an instrument with no notice of defects.
D) Takes an instrument that runs to him.

Question

Quizplus · Accepted Answer

None of the requirements state that the holder must take an instrument that runs to him. The requirements are that the holder must take the instrument for value, in good faith and without notice of defects.

A Holder Becomes a Holder in Due Course If They