State the characteristics of being a holder in due course.
Describe the special protection given to a holder in due course.
Define holder.
Explain the protection given to a holder through a holder in due course.
Name six personal defenses.
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Business Law with UCC Applications,13eHolders in Due Course,Defenses, and LiabilitiesChapter 17McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.Learning ObjectivesState the characteristics of being a holder in due course.Describe the special protection given to a holder in due course.Define holder.Explain the protection given to a holder through a holder in due course.Name six personal defenses.Learning Objectives (cont.)Discuss the protection given to people who sign consumer credit contracts.Name six real defenses and explain the significance of a real defense.Explain primary liability.Explain secondary liability.Describe the conditions that must be met to hold a secondary party liable.Holders in Due Course,Defenses, and LiabilitiesHolder in Due CourseThe Elements of a Holder in Due Course Holder Through a Holder in Due CourseHolders in Due Course,Defenses, and LiabilitiesPersonal DefensesBreach of ContractLack or Failure of ConsiderationFraud in the Inducement Lack of Delivery, Payment, and Consumer ProtectionHolders in Due Course,Defenses, and LiabilitiesReal DefensesInfancy and Mental IncompetenceIllegality and Duress Fraud as to the Essential Nature of the Transaction Bankruptcy, Unauthorized Signatures, and AlterationHolders in Due Course,Defenses, and LiabilitiesLiability of the PartiesMakers, Acceptors, and Certain Drawers Other Drawers and IndorsersHolders in Due Course,Defenses, and LiabilitiesOther Drawers and IndorsersPresentmentDishonorNotice of dishonor
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