Nobody downloaded yet

Holder in Due Course - Case Study Example

Comments (0) Cite this document
Summary
This study explores the case study involving Any Kind Stores in order to establish whether they qualified to be a holder in due course and whether the court ruling in the case was fair. The holder in due course must acquire the instrument in good faith for value…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
Holder in Due Course
Read TextPreview

Extract of sample "Holder in Due Course"

Download file to see previous pages In the case study, Talcott sent a check for $5700 on January 15th to Guarino, who presented it to Stuart Any Kind Store for cash. In this case, Guarino was the holder or bearer of the check. Upon confirmation of the validity of the check from the drawer, the check was approved for cashing of $5700 check. Any Kind cashed the Guarino’s check after deducting the service fee of 3 percent or a value equivalent to $171. In order for the holder to qualify as the holder in due course, they must have obtained the instrument in good faith (Mann & Roberts, 2013). In this case, Any Kind Store became the holder in due course of the $5700 check after paying the value of the check to the holder. Any Kind Store was the proprietor of a negotiable instrument which they had taken for value and in good faith. They had given a consideration equivalent to the face value of the check less a 3% discount charges to the holder of the check in accordance with the requirements for the holder in due course.
When Guarino presented the second check for cashing to Any Kind Stores, the accountant called upon the person who had approved the first check in order to approve for the payment. They called Talcott the drawer to confirm the validity of the check. The drawer approved the $5,700 check for payment after which Any Kind cashed for the holder. In this regard, Any Kind became the holder in due course since they had exercised appropriate care to ensure the check was valid and without defect. However, they did not make an inquiry to about the validity of the $10,000 check of which they had already cashed for Guarino. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Holder in Due Course Case Study Example | Topics and Well Written Essays - 1250 words - 47”, n.d.)
Holder in Due Course Case Study Example | Topics and Well Written Essays - 1250 words - 47. Retrieved from https://studentshare.org/business/1673030-essay
(Holder in Due Course Case Study Example | Topics and Well Written Essays - 1250 Words - 47)
Holder in Due Course Case Study Example | Topics and Well Written Essays - 1250 Words - 47. https://studentshare.org/business/1673030-essay.
“Holder in Due Course Case Study Example | Topics and Well Written Essays - 1250 Words - 47”, n.d. https://studentshare.org/business/1673030-essay.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Holder in Due Course

Course

...course and there are some types of rewards that the company could give to the employees like monetary rewards and non-monetary rewards. I suggest that the company would be best give the non-monetary rewards to motivate the employees and these includes recognition and career advancement, safe and healthy working environment, and fair treatment. By the time that the company expands, monetary compensation could be given due course. Subject: Re:My Friend Jerome - Zoller Topic: Week 6 DQ 1: Your friend Jerome Author: Yousef Abduljawad Date: April 20, 2011 12:53 AM Stephanie, I believe and admire you regarding your point of view that you have shared in the given topic but I think we must also...
20 Pages(5000 words)Essay

Online Course VS. Traditional Course

...embodied in the lesson or discussion. Thus, in traditional course, students will be able to feel the personal touch of the instructor. In fact, after the lesson there is still another ample time for the students to interact with the teacher may it be either for some sort of clarification or additional learning and insights. On the other hand, the technology-integrated curriculum via online course may be a bit complicated, but it ensures experiences for the students suitable for the prevailing advancement in the 21st century (Ornstein, Levine & Gutek, 2010). In online course, the nature of learning therefore may be a bit different from the traditional course because the...
4 Pages(1000 words)Essay

Condiment snack holder

...condiment holder Document: United s Patent 6152362 A combination food server and condiment holder, the food server having a sidewall enclosing a food-holding volume, the sidewall having at least one slit therein; the condiment holder comprising a cup for holding at least one condiment, and a tab, connected to the cup, extending through the at least one slit in the sidewall to secure the condiment holder to the food server. Inventors: Rosenfeld, Julie H.; Application Number: 250417 Filing Date: 1999-02-16 Publication Date: 2000-11-28 Current Classes: 229/400, 220/23.83, 220/737, 229/902, 229/906 International Classes: B65D 003/28 Description: FIELD...
5 Pages(1250 words)Essay

Due Process

...Due process Due process is the fundamental rule that the government must adhere to that forces them to respect every law and right that a person hasin accordance to the law as set down by the state. By not adhering to due process, the government risks going against the rights that citizens legally have for themselves to help protect them against the state. The government must abide by these laws as they help to defend individuals from abuse that might be implemented by the government; furthermore, due process is outlined as the Fifth and Fourteenth Amendments, and being as such prohibits the deterring of due process in a criminal proceeding (Flack,...
1 Pages(250 words)Essay

Fredrick Douglass - Slave / Slave holder Christianity

..., or to investigate for themselves, they had no choice but to take the word of their slave masters when it came to the Word of God. They were oppressed in the name of religion and were told that their lot had been cast, and as per God’s words, they had no choice but to bear their burden with grace, thereby winning God’s favor and an eternal life in heaven. Though Douglass contends, and rightly so, that Christianity cannot be reconciled with slavery, however, he could only come to that conclusion because of the fact that he could read and, thus, reason for himself. This ability was very rare for any slave to acquire, due to the slave holders policies, and, therefore, religion was used to suppress and...
5 Pages(1250 words)Essay

Due process

...Due Process The American constitution provides rights and privileges that a person should enjoy at all times. The requirements for these legal rights that are owned by either the nation or the state to individuals and should be respected are referred to as the due process. The Due Process is provided in the fifth amendment of the Federal government constitution stipulating that individuals shall not be “deprived of life, liberty, or property without the due process of the law.” In addition, Due Process Clause is provided in the Fourteenth Amendment providing the legal provisions that should be adhered to by the states. It is meant to provide a balance on...
5 Pages(1250 words)Essay

The luggage holder

...al Affiliation) LUGGAGE HOLDER: SUSTAINABILITY ANALYSIS The sustainability analysis will be based on four sections, with each section having its own unique areas of interest that will shape the sustainability analysis. Ecology The luggage holder does not use any natural resources or ecosystem services directly. However, it can be said to use natural resources indirectly because part of it is made of steel. Steel is an alloy of iron and carbon. Iron is mined and is therefore it is a natural resource. Carbon is also obtained from graphite, carbonate rock, and diamonds. This also makes it a natural resource, since it is obtained from natural resources. In addition, the luggage holder does...
4 Pages(1000 words)Essay

Stake holder Research Paper

... Get dressed to school Introduction This research paper is going to investigate the part of stakeholder with respect to the dressing line of the school and the convention of the school uniform. A meeting produced from the Popular each news show-USA Today on NBC has made solid inputs over the general population. The meeting feature being titled as "Are school garbs helping or blocking?" was most punctual posted under the "Mother" segment in may 2013, and once the meeting was distributed, it got something like 2 million viewers and accepted 250 thousand remarks inside initial 3 hours after it was posted. Objective/aim The principle target of this examination paper is to guarantee that there is a solid reason revealed regarding why... Get...
5 Pages(1250 words)Essay

Stake holder and share holder-

...Stake Holder and Share Holder By: Executive summary Stakeholders and shareholders are very important forany firm. The paper shall show how these two concepts mean to the profitability and responsibility of any firm. Rules stipulate that firms have an obligation towards shareholders. They are always inviolable. The shareholders are the ones to offer direction to any firm. In addition, firms determine the significance of these stakeholders using financial measure. Shareholders are stakeholders, but stockholders are not shareholders. The article aims to define deeply the perspectives of stakeholder and shareholder towards profitability and responsibility. Stakeholder and Shareholder Most corporations run...
2 Pages(500 words)Essay

The requirement of good faith for becoming a holder in due course

...THE REQUIREMENT OF GOOD FAITH FOR BECOMING A HOLDER IN DUE (HDC) INTRODUCTION This paperentails a discussion about the requirement of good faith for becoming a holder in due course. The discussion traces the historical development of the good faith concept including the objective standards against the subjective standards. Holder in Due Course doctrine refers to the rule in commercial law, which protects debt purchaser. In this regard, the purchaser get assigned the right of receiving all payments of the debt. The doctrine seems to insulate the debt purchaser or even other obligation to pay. This is done...
25 Pages(6250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Holder in Due Course for FREE!

Contact Us