Check Cashers As Holders In Due Course

LexisNexis (February 4, 2020, 11:23 AM EST) -- One of the most important applications of negotiable instruments law is the status of a check-cashing company as a holder in due course, with power to enforce the check free from defenses of the drawer. Two decisions—one from New Jersey and the other from Illinois—illustrate how differently courts can come out on the issue....