Beruflich Dokumente
Kultur Dokumente
(b) That he became the holder of it before it was overdue, and without
notice that it has been previously dishonoured, if such was the fact;
**that it be negotiated before maturity. Dishonored by non acceptance. If not
accepted by drawee, it means its dishonoured.
Dishonored by non-acceptance = dishonoured by non-payment.
If it doesnt reach maturity, its not dishonoured by non-payment.
(c) That he took it in good faith and for value;
**absence bad faith; for value is the consideration that must be sufficient to
support a contract (money, services, obligations, properties etc.). Love and
affection doesnt give value.
(d) That at the time it was negotiated to him, he had no notice of any infirmity in
the instrument or defect in the title of the person negotiating it.
** Infirmity like unsigned or signed but with a different intent.
Defect: have known that it was stolen.
So, C-O-F-I for, complete, overdue, faith/value and Infirmity.