What is a negotiable instrument and why is it beneficial to be a holder in due course?

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What is a negotiable instrument and why is it beneficial to be a holder in due course? Find a case where this is an issue. Who are the parties and what is the specific issue the court is considering? Please summarize the case and provide your citation.

One way to locate legal cases is to do a google search with a topic followed by the words “legal case.” There is also FindLaw (https://caselaw.findlaw.com/) and Westlaw (https://libguides.hvcc.edu/az.php?a=w) for cases and statutes.

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