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 at http://www.law.cornell.edu/ucc/3/3-302.html.
Then, read about the same provision in the Massachusetts law, at http://www.malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Article3/Section3-302.
Next, examine Illinois’s holder in due course doctrine 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?
