 But a holder who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter.  The Law Relating to Cheques - Page 41by Eric Russell Watson - 1902 - 142 pagesFull view - About this book
 | New York (State). Courts - Law reports, digests, etc - 1922 - 1060 pages
...is subject to the same defenses as if it were non-negotiable, but the holder " who derives his title through a holder in due course, and who is not himself a party to any fraud or illegality affecting the instrument, has all the rights of such former holder in respect of all parties prior to the latter."... | |
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