Holder in due course definition

Holder in due course means any person who for consideration became the possessor of a promissory note, bill of exchange or cheque if payable to bearer, or the payee or indorsee thereof, if payable to order, before the amount mentioned in it became payable, and without having sufficient cause to believe that any defect existed in the title of the person from whom he derived his title.”

Holder in due course means the holder of an instrument if:

Holder in due course means any person who for consideration becomes the possessor of a negotiable instrument if payable to bearer, or the payee or indorsee thereof if payable to order, before the amount mentioned in it became payable, and without sufficient cause to believe that any defect existed in the title of the person from whom he derived his title (Sec. 9). Thus, in order to be called a ‘holder in due course’ a person must possess the following specifications:

Examples of Holder in due course in a sentence

• Furthermore, the Holder shall be entitled to all the rights of a Holder in due course of a negotiable instrument.

• Introduction, Definitions and Characteristics, Promissory Notes, Bills Of Exchange, Cheque, Holder and Holder in due course, Presentation of negotiable instrument.

• In the event that CHC or any Holder of this Note transfers this Note for value, Craig agrees that no subsequent Holder of this Note shall be subject to any claims or defenses which Craig may have against a prior Holder, all of which are waived as to the subsequent Holder, and that all subsequent Holders shall have all of the rights of a Holder in due course with respect to Craig even though the subsequent Holder may not qualify, under applicable law, absent this paragraph, as a Holder in due course.

• The Bank shall not be held accountable for non-delivery of correspondence, statements of account or announcements to the primary Card Holder in due course at the stated address.

• Any adjustment in timings will be communicated to the Ticket Holder in due course.

More Definitions of Holder in due course

Holder in due course means the holder of an instrument if all of the following apply:

Holder in due course means the holder of an instrument if both of the following apply:

Holder in due course means any person who for consideration becomes the possessor of a negotiable instrument if payable to bearer, or the payee or indorsee thereof if payable to order, before the amount mentioned in it became payable, and without sufficient cause to believe that

Holder in due course. --- "Holder in due course" means any person who for consideration becomes the possessor of a promissory note, bill of exchange or cheque if payable to bearer, or the payee or endorsee thereof, if payable to order, before it became overdue, without notice that the title of the person from whom he derived his own title was defective.

Holder in due course means a person who is in possession of a negotiable warehouse receipt for consideration, in good faith and without notice of any prior claim or defense against it.

Holder in due course means the holder of an instrument if * * *

Holder in due course means any person who for consideration becomes holder of an Instrument before it became overdue and without notice of defective title under this Law.