04-18-2010, 11:03 PM
According to my Info , the holder when transfers the instrument to some other person . And that person takes the instrument from the original holder in good faith and without notice of any prior defects . THat transferee is known as holder in due course .
But Im not sure whether I am right or wrong . COrrect me If I am wrong .
But Im not sure whether I am right or wrong . COrrect me If I am wrong .