One of the requirements to be a holder in due course is that the holder must have taken the negotiable instrument in good faith.

Question

Quizplus · Accepted Answer

One of the requirements for holder in due course status is that the holder must have taken the negotiable instrument in good faith, meaning that they did not have any reason to believe that the instrument was defective or that any party had a claim against it.

One of the Requirements to Be a Holder in Due