Asked by Zachary Siegel on Jun 05, 2024
Verified
Sonia,through fraudulent representations,induced Gracie to execute a negotiable note payable to Sonia.Sonia is a holder in due course.
Fraudulent Representations
False statements knowingly made to deceive others, often to induce them to part with money or property.
Negotiable Note
A written promise to pay a specified sum of money, which can be transferred to others.
Holder in Due Course
A legal term indicating a person who has acquired a negotiable instrument in good faith for value and without notice of any defects.
- Learn about the rights and liabilities of holders in due course, including the protections against claims and defenses.
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Learning Objectives
- Learn about the rights and liabilities of holders in due course, including the protections against claims and defenses.
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