“holder in due course”簡單造句，holder in due course造句子

It is precluded from denying to a holder in due course the existence of the payee and his then capacity to indorse.

"where he is a holder in due course, he holds the bill free from any defect of title of prior parties, as well as from mere personal defences available to prior parties among themselves, and may enforce payment against all parties liable on the bill;"