What is a Holder in Due Course?

The video tutorial explains the concept of holders in negotiable instruments, focusing on the rights and benefits of a holder in due course. It discusses how a holder in due course can elevate their rights, making them immune to personal defenses and able to clean up defects in the instrument. The tutorial also covers the process of handling dishonor and the importance of warranty in the negotiation chain. The video concludes with a preview of future content on the requirements for achieving holder in due course status.

Describe the extended rights of a holder in due course upon dishonor of the instrument.

What are the requirements for a holder to be elevated to holder in due course status?