According to the UCC, if the ____________ of overdue negotiable paper did not have notice or knowledge that the commercial paper was overdue, he or she could be a holder in due course

Question

Quizplus · Accepted Answer

The UCC defines a holder in due course as someone who takes possession of a negotiable instrument for value, in good faith, without knowledge that the instrument is overdue or has been dishonored. The buyer is the one who takes possession of the negotiable instrument, and if they meet the other requirements of being a holder in due course, they could be protected against certain defenses that could be raised against the original transferor of the instrument.

According to the UCC, If the ____________ of Overdue Negotiable