Ask Question
8 October, 12:30

Parkdale Roofing Company receives a check from Quik Mart for fixing its roof, and indorses the check to Repair Supplies, Inc. (RSI). Stef, RSI's owner, gives the check to Tiny as a gift. In this situation, the party who is not an HDC of the check but who acquires HDC rights under the shelter principle is

+1
Answers (1)
  1. 8 October, 15:07
    0
    The third party, this rull will allow the transferee to recive all the rights of the transferor.

    Explanation:

    Holder in Due Course (HDC) is the holder of a negotiable instrument to a higher status. Someone that posseses and is entitled to receive payment of an instrument.

    It can be transer or negotiate to a third party.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Parkdale Roofing Company receives a check from Quik Mart for fixing its roof, and indorses the check to Repair Supplies, Inc. (RSI). Stef, ...” in 📘 Law if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers