[splinter1643]

The one post on HDC that I found didn’t answer my question. Just wanted to make sure I fully understood the concept:

A holder in due course is someone who takes free of personal defenses, isn’t aware of any problems (for ex. forgery, breach of contract), and for whom value is given? Is that right? About the value being given: could you provide an example?

Would really like this answered before my exam in 2 weeks! Thanks

CPA license in progress....

[Anonymous]

For value means that the HDC gave something of value for the instrument, not just a “promise to give something”.

[Author]

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