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Emma signed a promissory note for $ 3 4 5 , 0 0 0 that was payable to Simply Loans, LLC , which indorsed the

Emma signed a promissory note for $

345, 000

that was payable to Simply Loans, LLC

,

which indorsed the note over to Green, Hammer and Collier, LLC

(

the law firm Simply Loans used

)

in payment of outstanding legal fees. Is the law firm a holder in due course? What are the requirements to be a holder in due course and how do they apply here?

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