Does the bank consider as a Holder in Due Course in this case?

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Does the bank consider as a Holder in Due Course in this case?

Let say that my customer sends me a check, and I indorsed the check and put into my bank account.

in this case, does the bank consider as a HDC?

2007-04-01 13:55:51 · 2 answers · asked by BBMak 2 in Politics & Government ➔ Law & Ethics

2 answers

A holder in due course is anyone who receives, endorses and deposits the check without any irregularity. Thus, you are a holder in due course under the law.

2007-04-01 14:02:41 · answer #1 · answered by FRAGINAL, JTM 7 · 1⤊ 0⤋

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2007-04-01 14:03:01 · answer #2 · answered by Jessica R 1 · 0⤊ 0⤋