Business Studies, asked by sn663632, 5 months ago

holder in due course​

Answers

Answered by RKM2016
3

Explanation:

In commercial law, a holder in due course is someone who accepts a negotiable instrument in a value-for-value exchange without reason to doubt its legitimacy. A holder in due course acquires the right to make a claim for the instrument's value against its originator and intermediate holders.

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Answered by prachi2782008
1

Answer:

In commercial law, a holder in due course is someone who accepts a negotiable instrument in a value-for-value exchange without reason to doubt its legitimacy. A holder in due course acquires the right to make a claim for the instrument's value against its originator and intermediate holders.

Explanation:

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