Asked by Shawntay Williams on May 17, 2024
Verified
A payee can be considered a holder in due course.
Payee
The party that receives the benefit of an order (check, etc.).
- Master the idea of being a holder in due course and its critical role in the regulation of negotiable instruments.
Verified Answer
FH
Francis HovanecMay 20, 2024
Final Answer :
True
Explanation :
As recognized in the Watson Coatings,Inc.v.American Express Travel Services,Inc.case referenced in the textbook,a payee can be considered a holder in due course.
Learning Objectives
- Master the idea of being a holder in due course and its critical role in the regulation of negotiable instruments.
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