![]() Article 3, Part 3 covers issues related to the enforcement of debt, and section 3-302 sets forth the legal definition of a holder in due course. The Uniform Commercial Code establishes the holder in due course doctrine in Article 3, which is the Article dealing with negotiable instruments. The California business law attorneys at Brown & Charbonneau, LLP can provide legal assistance understanding what the Holder in Due Course doctrine means within the context of the Uniform Commercial Code and can help you to understand both rights and obligations under this doctrine. Understanding the holder in due course doctrine is essential for anyone in business who either takes on debt or who assumes a debt and seeks to collect upon it. ![]() ![]() ![]() The rules protecting the inheritors or purchasers who are assigned the right to receive debt payments from an original creditor are called the Holder in Due Course (HDC) doctrine. Among the provisions set forth in the UCC are rules protecting the purchasers of debts and protecting those who are assigned the right to receive debt payments. The Uniform Commercial Code provides standardized rules adopted in all states that have incorporated the UCC into their own statewide regulations. Common types of Business Litigation in California. ![]()
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