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The holder in due course provision can mean different things in the UCC and in state laws. Look at the holder in due course provision

The holder in due course provision can mean different things in the UCC and in state laws.

Look at the holder in due course provision in the UCCat http://www.law.cornell.edu/ucc/3/3-302.html.

Then, read about the same provision in the Massachusetts law, at http://www.malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Article3/Section3-302.

Next, examine Illinois's holder in due course doctrineat http://www.ilga.gov/legislation/ilcs/ilcs4.asp?DocName=081000050HArt.+3+Pt.+3&ActID=2301&ChapterID=66&SeqStart=26500000&SeqEnd=27800000.

Then, respond to the following items:

  • Compare the UCC version of the holder in due course doctrine with the holder in due course provision in Massachusetts.
  • How is the latter similar or different from the UCC provision?
  • Compare the Illinois version to that of the UCC.
  • How is Illinois' doctrine similar or different from the UCC provision?

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