What if a note is missing an endorsement or there are other problems with the negotiation of the note (e.g., the allonge is not properly affixed), such that the person to whom the note was delivered and who is in possession of the note is not a holder? In that scenario, Section 3-301 of the … Continue Reading
The UCC Shelter Rule: What Is It and How and When Should It Be Invoked?
What if a note is missing an endorsement or there are other problems with the negotiation of the note (e.g., the allonge is not properly affixed), such that the person to whom the note was delivered and who is in possession of the note is not a holder? In that scenario, Section 3-301 of the … Continue Reading
