Explain statement-the purpose of holder-in-due-course status
Question:
1. Explain the rationale for the following statement: "The purpose of holder-in-due-course status is to encourage parties to engage in fi nancial transactions."
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What are the requirements of holder-in-due-course status?
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"The purpose of holder-in-due-course status is to encourage parties to engage in fi nancial transactions."
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