Rights of a Holder in Due Course | Negotiable Instruments

This lesson picks up from where we left off in the last one regarding holder in due course status, or HDIC status. We previously discussed how someone acquires the status. Now we look at the rights that accompany HDIC status and the limits of those rights. I hope you have find the lesson helpful. Chapters 00:00 - Introduction 00:39 - (1) HDIC is Subject Only to "Real Defenses" 00:58 - (a) An example 02:55 - (b) Mere holder vs. HDIC 07:23 - (2) The Real Defenses 08:05 - (a) Minority 12:40 - (b) Duress 16:33 - (c) Lack of legal capacity 20:13 - (d) Illegality 24:37 - (e) Fraud in the factum or in the making 28:05 - (f) Discharge in bankruptcy 30:58 - (3) Other Rights of Being a HDIC 31:16 - (a) HDIC is subject to NO claims 39:40 - (b) HDIC is subject to discharge by payment of the instrument 45:21 - (c) Reminder that HDIC is subject to a consumer's defenses in a credit sale transaction 47:28 - Conclusion/Outro