Is the credit union holder in due course

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Reference no: EM131801626

Steve sells David a used car of $3,000. David gives Steve $1,000 cash and a demand promissory note for $2,000 with interest at 6% per annum. Steve endorses the note over to his credit union which pays Steve $1,700 for the note. Is the credit union holder in due course?

Reference no: EM131801626

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