Part I: Negotiable Instruments & Holder
A. Explain at least 3 reasons why negotiable instruments are advantageous and important to commerce.
B. Discuss at least 3 disadvantages/problems for commerce if negotiable instruments were eliminated.
Part II: Holder in Due Course (HDC) Shelter Principle- The Shelter Principle related to HDC transactions is often controversial.
A. Discuss and explain at least 2 positive features/advantages of the Shelter Principle.
B. Discuss and explain at least 2 negative features/disadvantages of the Shelter Principle.
Part III. Holder in Due Course (HDC) Debate- Cosider the positives and negatives of HDC status.
A. Defend (argue in favor of) the following statement: The status of HDC for those who possess negotiable instsruments should be eliminated.
B. Defend (argue in favor of) the following statement: The status of HDC for those who possess negotiable instsruments should NOT be eliminated.