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Connick was the payee of a note issued by Sisco for $3,000 that Sisco had postda

label Law
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schedule 0 Hours
account_balance_wallet $5

Connick was the payee of a note issued by Sisco for $3,000 that Sisco had postdated by two weeks. The due date of the note arrived and Connick offered to transfer it on that date to Horta for $2,890. If Horta buys the note for that price knowing of its irregularity, can he be a holder in due course of the note?

Oct 21st, 2017

Yes! ...Connick has already transferred ownership to Horta. Connick's note had already arrived so by the due time, the note would have changed ownership. The holder of the note remains Connick untill arrival date because the note has irregularity as per the policy. 

Apr 19th, 2015

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Oct 21st, 2017
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Oct 21st, 2017
Oct 22nd, 2017
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