The holder in due course provision can mean different things in the UCC and in state laws.
Look at the holder in due course provision in the UCC (Links to an external site.) at http://www.law.cornell.edu/ucc/3/3-302.html.
Then, read about the same provision in the Massachusetts law (Links to an external site.), at http://www.malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Article3/Section3-302.
Next, examine Illinois’s holder in due course doctrine (Links to an external site.) at http://www.ilga.gov/legislation/ilcs/ilcs4.asp?DocName=081000050HArt.+3+Pt.+3&ActID=2301&ChapterID=66&SeqStart=26500000&SeqEnd=27800000.
Then, respond to the following items:
Compare the UCC version of the holder in due course doctrine with the holder in due course provision in Massachusetts.
How is the latter similar or different from the UCC provision?
Compare Illinois version to that of the UCC.
How is Illinois’ doctrine similar or different from the UCC provision?
Sources must be cited in APA format and the assignment should not exceed one page in length using 12 point font and one inch margins.
