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Holder in due course information


In commercial law, a holder in due course (HDC) is someone who takes a negotiable instrument in a value-for-value exchange without reason to doubt that the instrument will be paid. If the instrument is later found not to be payable as written, a holder in due course can enforce payment by the person who originated it and all previous holders, regardless of any competing claims those parties may have against each other. This right shields a holder in due course from the risk of taking instruments without full knowledge of their history.

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Holder in due course

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In commercial law, a holder in due course (HDC) is someone who takes a negotiable instrument in a value-for-value exchange without reason to doubt that...

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Negotiable instrument

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to hold the instrument as, and to negotiate the instrument to, a holder in due course, the payment on which is at least part of the performance of the...

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Contract

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Paper: Holder in Due Course & Defences Archived 2012-11-28 at the Wayback Machine. FTC Opinion Letter Affirms Consumers' Rights under the Holder Rule Archived...

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Promissory note

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and the application of the holder in due course rule. The negotiability of mortgage notes has been debated, particularly due to the obligations and "baggage"...

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List of legal abbreviations

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Government Organization Gov't — government HC — Hypothetical Client HDC — Holder in due course ICJ – International Court of Justice Id. — "idem," Latin for "the...

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Fraud in the factum

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instrument under state law and is a real defense against even a holder in due course. Contrast this with the situation where a trusted employee signs...

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Canadian contract law

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contractual performance (i.e. payment) guaranteed to the holder in due course. The holder in due course of a bill of exchange or a promissory note has the following...

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Shelter rule

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receives by gift), that person would generally not have the rights of a holder in due course - that is, a person who received the instrument for value and without...

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HDC

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Sweden Histidine decarboxylase, an enzyme Holder in due course, a concept in commercial law Home Detention Curfew, in the UK This disambiguation page lists...

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Predatory lending

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proving it is the "holder in due course", the traditional standard for a debt claim, and the courts often allow them to do that. In the meantime, the note...

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Edward and Elaine Brown

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"Edward-Lewis: Brown, Creditor Holder-in-due-Course with unlimited commercial liability" and "Elaine-Alice:Brown, Creditor Holder-in-due-Course with unlimited commercial...

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Real defense

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honor a negotiable instrument even if it has been transferred to a holder in due course (or "HDC") because it makes the instrument “void” according to Uniform...

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Unfairness doctrine

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the use of the holder in due course rule by retailers catering to the very poor and the practice of mail-order sellers suing consumers in states remote...

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Index of law articles

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Hima – Himalaya clause – Hit and run – Hobby loss – Hold harmless – Holder in due course – Holding – Holding company – Holdover tenancy – Holographic will –...

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Eric Holder

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Party, Holder was the first African American to hold the position. Born in New York City to a middle-class family of Barbadian origin, Holder graduated...

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Canada Trustco Mortgage Co v Canada

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the rights and powers of a holder in due course, and does not require the bank to be actually designated a holder in due course. Once the Bank received M's...

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Kelvin Kiptum

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2:01:53, becoming the third man in history to break two hours and two minutes. Only his compatriot and then-world record holder Eliud Kipchoge and Ethiopia's...

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Copyright

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intellectual property that gives the creator of an original work, or another right holder, the exclusive and legally secured right to copy, distribute, adapt, display...

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Bachelor of Arts

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post-nominally at the discretion of the holder. In the United Kingdom (excluding Scotland) and Ireland, the first degree course normally lasts three years, but...

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Libby Trickett

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Olympics, and the 2012 Summer Olympics. She was the world record holder in the short-course (25m) 100-metre freestyle. Trickett was educated at Somerville...

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Ironman Triathlon

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of Ironman Hawaii Holder of all-time record until 2011 (7:50:27 in 1996 Ironman Europe) Set the Hawaii course record (8:04:08) in 1996, which held until...

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Parker Valby

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Florida state all-time record holder whilst still a junior. However, she was unable to compete during her senior year due to the COVID-19 pandemic. Valby...

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Ultramarathon

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course record holder, 2nd place at the IAU 24 Hour World Championship François D'Haene, 3-time winner of UTMB and course record holder, 3-time winner...

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Holderness

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Holderness was marshland until it was drained in the Middle Ages. Topographically, Holderness has more in common with the Netherlands than with other parts...

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Jimmy Tarbuck

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diamond-encrusted cigarette holder from the dressing room of comedian Terry-Thomas, and was placed on probation for two years. For a period, he worked in a ladies' hairdresser...

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