Assignment:
Q1. Explain the rationale for the following statement: “The purpose of holder-in-due-course status is to encourage parties to engage in financial transactions.”
Q2. What are the requirements of holder-in-due-course status?
Q3. What is the distinction between primary liability and secondary liability for a signed negotiable instrument?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.