Examlex
Expectancy tables are used in evaluating
Holder in Due Course
A party who has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims that could be raised by prior parties.
Shelter Principle
A legal concept that allows a person who receives goods in good faith without knowledge of a defect in the title to sell them with a clear title.
Holder
A party in possession of a negotiable instrument.
Bearer
An individual in possession of a negotiable instrument or security that is payable to whomever holds the document.
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