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  • Shumblag

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    Peter Pickens
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    A holder is defined as the payee, indorsee, or bearer of a bill or note who is entitled to receive payment. There are three classes of holders: holders simply who possess the instrument, holders for value who provide value in exchange, and holders in due course who take the instrument for value, in good faith, and without notice of defects.

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    A holder is defined as the payee, indorsee, or bearer of a bill or note who is entitled to receive payment. There are three classes of holders: holders simply who possess the instrument, holders for value who provide value in exchange, and holders in due course who take the instrument for value, in good faith, and without notice of defects.

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    © All Rights Reserved
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    5 views1 page

    Shumblag

    Uploaded by

    Peter Pickens
    A holder is defined as the payee, indorsee, or bearer of a bill or note who is entitled to receive payment. There are three classes of holders: holders simply who possess the instrument, holders for value who provide value in exchange, and holders in due course who take the instrument for value, in good faith, and without notice of defects.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    "Holder" means the payee or indorsee of a bill or note who is in possession of it, or the bearer thereof entitled to

    receive the sum for which it calls.

    3 Classes of Holders:
    1. Holders simply (Sec. 51);
    2. Holders for value (Sec. 26); and
    3. Holders in due course. (Secs. 52,57)

    1.

    Page 1 of 1

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