Explain features and advantages of the shelter principle

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Reference no: EM13729146

Negotiable Instruments & Holder in Due Course

Label all parts of the paper clearly as listed below. There are 3 parts to the project paper.

Part I: Negotiable Instruments

Negotiable instruments have been a part of commerce since the Middle Ages and have become increasingly common in modern commerce and business transactions.

A. Explain at least 3 reasons why negotiable instruments are advantageous and important to commerce.

B. Discuss at least 3 disadvantages/problems for commerce if negotiable instruments were eliminated.

Part II: Holder in Due Course (HDC) Shelter Principle

The Shelter Principle related to HDC transactions is often controversial.

A. Discuss and explain at least 2 positive features/advantages of the Shelter Principle.

B. Discuss and explain at least 2 negative features/disadvantages of the Shelter Principle.

Part III. Holder in Due Course (HDC) Debate

Cosider the positives and negatives of HDC status.

A. Defend (argue in favor of) the following statement: The status of HDC for those who possess negotiable instsruments should be eliminated.

B. Defend (argue in favor of) the following statement: The status of HDC for those who possess negotiable instsruments should NOT be eliminated.

Reference no: EM13729146

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