Rutherford purchased real property from Ethel Stokes for $35,000. He paid $5,000 down and signed a promissory note for the balance. The note was secured by a deed of trust (a type of security interest, discussed in detail in Chapter 31). When payments on the note were overdue, Stokes co nsidered foreclosing on the property. Prior to doing so, however, she negotiated the note to Craig, who pu r chased it at a discount with notice that it was in default. Was Craig a holder in due course of the note? Why or why not? Matter of Marriage of Rutherford, 573 S.W.2d 299 (TX).