Question: In Chapter 26, the textbook explains the requirements that are necessary for a holder of a negotiable instrument to be considered a holder in due

In Chapter 26, the textbook explains the requirements that are necessary for a holder of a negotiable instrument to be considered a holder in due course. The chapter also discusses personal defenses and real defenses.

Why do you think it is important to be considered a holder in due course? Why can real defenses still be brought against a holder in due course? If you have trouble with the required word count on this post, use an example to explain your answer.

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