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Holder In Due Course Analysis

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For a contract to be valid there must also be consideration. Consideration means a detriment to the person who made the promise or a benefit conferred on the other party, both of which are measurable in economic terms. Services, money, and goods are the examples of consideration. A promise of a gift is not enforceable in law because of the absence of mutual exchange of consideration. An exception to this rule is when a contract is executed in a specific form called a "deed", in which case consideration is not required to be given to the other party. Finally, the parties must have capacity, which is the ability or authority to legally make contracts. A persons under the age of 18, has a mental illness, or a mental disability, or an intoxicated …show more content…

A person acting in good faith and without notice that it is over or past due, that there are any prior claims, or that there is a failing in the designation of the person who negotiated it. The Holder in Due Course doctrine is a rule that protects a purchaser of debt, where the purchaser is assigned the right to receive the debt payments. The doctrine protects the purchaser of debt against charges that either party to the original transaction might have had against the other. The rights to payment are not subject to set-off, and do not rely on the authenticity of the necessary contract giving rise to the debt. However, the Federal …show more content…

Sexual harassment describes unwelcome sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature. Title VII is a federal law that prohibits discrimination in employment on the basis of sex, race, color, national origin, and religion. It applies to employers with 15 or more employees which include federal, state, and local governments. Sexual harassment has occurred when an employment decision affecting an individual is made because the individual submitted to or rejected an unwelcome sexual conduct. Sexual harassment has also occurred when an unwelcome sexual conduct unreasonably interferes with an individual’s work performance or creates an intimidating, hostile, or abusive work

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