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Holder in Due Course that he, through A-1, had the right to collect on the check as a holder in due course (HDC). The trial
Holder in Due Course that he, through A-1, had the right to collect on the check as a holder in due course (HDC). The trial court rejected that claim; Triffin appealed. On what basis could he claim HDC status? 1. The negotiable instrument at issue in this case is a , which is instrument. This type of negotiable instrument is negotiated b: 2. An indorsement is , signed by ar 3. In this case, AIG is the , Merriwether would be the 4. There are four types of indorsements for a check:a. , b. , c. 5. The most common indorsement, where an indorser indorses a check and does not specify an indorsee, is a indorsement. 6. Merriwether did not indorse the check so indorsed Merriwether's name to the check. This signature was an payment, so A-1 sold the check to who was , and delivered to the , and A-1 Check Cashing Emporium is the d. 7. Triffin was not able to receive payment on the check from A-1 so he sued , claiming he was 8. takes an instrument free of most defenses against the transferor. 9. To claim a holder in duse course status, the holder must show the instrument was taken: a. , b. , and C. 11. Triffin is and obtains only the same rights as the transferor. 12. Which of the following elements likely led to Triffin losing the holder in due course status? 13. Which of the following elements likely led to Triffin losing the holder in due course status? a. , b
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