Posted: November 28th, 2014

the requirement of good faith for becoming a holder in due course

the requirement of good faith for becoming a holder in due course

Project description
Discuss the requirement of good faith for becoming a holder in due course. Trace the historical development of the concept of good faith (objective standard v. subjective standard). Follow up on the Sun Life case (attached file) and its interpretation of the current standard of good faith. Look at subsequent cases to determine how the standard is currently applied.

Notes that is under American legal system commercial law(payment systems)

* There are three attached files
1_ Sun Life case from the textbook.
2_ Summary of Sun Life Case.
3_ Some explanation.

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