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  • This Subject Area Index lists all CALI lessons covering Negotiable Instruments and Payment Systems.
  • The Negotiable Instruments / Payment Systems Outline allows you to search for terms of art that correspond to topics you are studying to find suggestions for related CALI Lessons.

Negotiable Instruments / Payment Systems

Payment Systems: Who is a Holder in Due Course Podcast

The topic of this podcast is who is a holder in due course, how someone becomes a holder in due course, and why it’s important. This podcast will explain the distinction between the process of becoming a holder and a holder in due course. Like other podcasts in the Payment Systems series, this one also deals with instruments, typically paper checks and promissory notes. While we might not use instruments frequently, checks and promissory notes are still used in many transactions, particularly larger ones.