indorsee in due course

indorsee in due course
A person who in good faith, in the ordinary course of business, for value, before its apparent maturity or presumptive dishonor, and without knowledge of its actual dishonor, acquires a negotiable instrument duly endorsed to him, or endorsed generally, or payable to bearer. Reese v Bell (Cal) 71 P 87. See holder in due course.

Ballentine's law dictionary. . 1998.

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  • indorsee in due course — An indorsee in due course is one who, in good faith, in the ordinary course of business, and for value, before its apparent maturity or presumptive dishonor, and without knowledge of its actual dishonor, acquires a negotiable instrument duly… …   Black's law dictionary

  • indorsee in due course — An indorsee in due course is one who, in good faith, in the ordinary course of business, and for value, before its apparent maturity or presumptive dishonor, and without knowledge of its actual dishonor, acquires a negotiable instrument duly… …   Black's law dictionary

  • innocent indorsee — One who has acquired the instrument by indorsement without notice of defects in the instrument, prior dishonor, or of a third person s equities in or claims to the instrument. Christensen v Farmers Warehouse Asso. 5 ND 438, 67 NW 300. See holder… …   Ballentine's law dictionary

  • holder — hold·er n 1: a person that holds: as a: owner the holder of a patent often used in combination a stock holder b: one that holds or occupies the property of another by agree …   Law dictionary

  • indorsement — I noun acceptance, accord, acquiescence, adfirmatio, affirmance, agreement, approbation, approval, assent, authorization, backing, certification, championship, compliance, comprobatio, concurrence, confirmatio, confirmation, consent,… …   Law dictionary

  • innocent holder for value — One who has acquired property from another for value without notice of a third person s equities in or claims to the property. In order that a payee of trust funds may prevail as an innocent holder for value, in addition to being innocent of its… …   Ballentine's law dictionary

  • negotiation of instrument — The transfer of a negotiable bill or note by a first or subsequent holder to a successor holder. 11 Am J2d B & N §§ 309, 310. The transfer of a negotiable instrument from one person to another in such manner as to constitute the transferee the… …   Ballentine's law dictionary

  • Trover — is a form of lawsuit in common law countries for recovery of damages for wrongful taking of personal property. Trover belongs to a series of remedies for such wrongful taking, its distinctive feature being recovery only for the value of whatever… …   Wikipedia

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