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How does one become a holder of a negotiable instrument

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Reference no: EM132224157

Question - Holder vs. HDC

Someone (individual or company) who possesses a negotiable instrument can be a holder or a holder in due course (HDC). How does one become a holder of a negotiable instrument? What is the difference between being a holder and a holder in due course? Why might it be better to be an HDC?

Reference no: EM132224157

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