HOLDER IN DUE COURSE AND DEFENSES
In this course, you will learn the following:
1. What a holder in due course is, and why that status is critical to commercial paper.
2. What defenses are good against a holder in due course.
3. How the holder-in-due-course doctrine is modified (in consumer transactions.
In this course, we consider the two questions that are raised (in determining whether a holder can collect:
1. Is the holder (a holder in due course?
2. What defenses, if any, can be asserted against the holder in due course (to prevent collection on the instrument?