MLchartDataset catalogue

Holder in due course

Term · Law · MLC-T-LAW-002437

A special status for a holder of a negotiable instrument who takes it for value, in good faith, and without notice of any defects or claims against it. This status provides enhanced protection, allowing the holder to enforce the instrument free from most defenses that could be asserted against the original payee. The Uniform Commercial Code (UCC) outlines the specific requirements for this status.

Table 1. Record
IdentifierMLC-T-LAW-002437
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002437",
  "term": "Holder in due course",
  "field": "Law",
  "definition": "A special status for a holder of a negotiable instrument who takes it for value, in good faith, and without notice of any defects or claims against it. This status provides enhanced protection, allowing the holder to enforce the instrument free from most defenses that could be asserted against the original payee. The Uniform Commercial Code (UCC) outlines the specific requirements for this status.",
  "url": "https://mlchart.com/terminology/law/holder-in-due-course/"
}

Record 2,353 of 5,441 in Law terminology (MLC-0107). Request the full dataset.