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What are the two requirements for a holder to enforce a lost instrument?
What defenses can the maker/drawer generally assert?
So long as not HIDC
defenses based on underlying obligation:
What are the four requirements to be a Holder in Due Course?
What does it mean that a Holder in Dues Course does not have Notice? (4)
Does not have notice of:
What are the four defenses that can be asserted against a Holder in Due Course?
Only Real Defenses
What are the three requirements to make an indorser liable?
How can an indorser eliminate liability?
Writing "without recourse"
What is a transfer warranty?
Warranties given to any future holder when indorser transfers instrument for value
What are the five Transfer Warranties?
When may an indorser waive transfer warranties?
only notes, not checks
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