Question
Bubba is a holder in due course of a promissory note, which contains a due date of April 1, 2016. On May 1 2016 Bubba
Bubba is a holder in due course of a promissory note, which contains a due date of April 1, 2016. On May 1 2016 Bubba negotiates the note to Roy Lee
A. Roy Lee cannot be a holder in due course because the note, on its face, is overdue.
B. Roy can be a holder in course because bubba could pass those rights on to Roy Lee under the shelter provision, Section 3-203(b) of the ucc
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Financial Accounting
Authors: Karen Bird, Gene Imhoff
5th Edition
0984200568, 978-0984200566
