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Jud possesses a negotiable instrument and qualifies as a holder
Jud possesses a negotiable instrument and qualifies as a holder in due course (HDC). A holder in due course is a holder who:
Takes free of most defenses and claims to which the transferor was subject (except universal defenses).
Takes subject to most defenses and claims to which the transferor was subject (inclusing universal defenses).
Only accepted a qualified indorsement.
Is a very good baseball player.
This question was answered on: Feb 21, 2020
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