Holders in due course and defenses

Reference no: EM13319874

Holders in Due Course and Defenses

You have learned that a HDC receives special protections from defenses to payment. Explain the justifications for this doctrine. Why should a HDC be protected from certain defenses? Further, what is unique about real defenses as opposed to personal defenses? Why is a HDC protected against personal defenses but not against real defenses?

Reference no: EM13319874

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