Is a legal doctrine holding that a person or entity who obtains a note without notice of any borrower defenses to its enforcement may enforce payment of that note in a court despite any borrower defense or other reason for not paying.
Found on
http://www.encyclo.co.uk/local/20965
(n) Holder In Due Course is the person holding a property or instrument or right without being the actual owner or right holder of such property in the process of conveyance of them to the correct owner. Eg. A finder of loss property is a holder in due course until he find the real owner and handover the property to him
Found on
http://www.encyclo.co.uk/local/21213
Someone who 1) holds a check or promissory note that was received in good faith and in exchange for value and 2) who has no suspicion that there is a claim against it by another party or that it was previously dishonored. Such a holder is entitled to payment by the maker of the check or note. (See also: bona fide purchaser)
Found on
http://www.nolo.com/dictionary/holder-in-due-course-term.html
a person who has received a negotiable instrument in good faith and without notice that it is overdue, that there is any prior claim, or that there is a defect in the title of the person who negotiated it.
Found on
https://www.infoplease.com/dictionary/holder-in-due-course
No exact match found.
