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    Pouses Iolago V Inance ORP: S V BAF C

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    Mark De Jesus
    This 3 sentence summary provides the key details from the document: 1. Spouses Violago financed the purchase of a vehicle through BA Finance Corp but did not receive the vehicle from VMSC or make monthly payments to BA Finance. 2. BA Finance filed a complaint and claimed it was a holder in due course of the promissory note signed by Spouses Violago for the vehicle financing. 3. The document discusses whether BA Finance can be considered a holder in due course, which would mean it holds the note free from any defects or defenses that could be claimed between the original parties to the transaction.

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    Pouses Iolago V Inance ORP: S V BAF C

    Uploaded by

    Mark De Jesus
    5 views8 pages
    This 3 sentence summary provides the key details from the document: 1. Spouses Violago financed the purchase of a vehicle through BA Finance Corp but did not receive the vehicle from VMSC or make monthly payments to BA Finance. 2. BA Finance filed a complaint and claimed it was a holder in due course of the promissory note signed by Spouses Violago for the vehicle financing. 3. The document discusses whether BA Finance can be considered a holder in due course, which would mean it holds the note free from any defects or defenses that could be claimed between the original parties to the transaction.

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    This 3 sentence summary provides the key details from the document: 1. Spouses Violago financed the purchase of a vehicle through BA Finance Corp but did not receive the vehicle from VMSC or make monthly payments to BA Finance. 2. BA Finance filed a complaint and claimed it was a holder in due course of the promissory note signed by Spouses Violago for the vehicle financing. 3. The document discusses whether BA Finance can be considered a holder in due course, which would mean it holds the note free from any defects or defenses that could be claimed between the original parties to the transaction.

    Copyright:

    © All Rights Reserved
    Download as PPSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppsx, pdf, or txt
    5 views8 pages

    Pouses Iolago V Inance ORP: S V BAF C

    Uploaded by

    Mark De Jesus
    This 3 sentence summary provides the key details from the document: 1. Spouses Violago financed the purchase of a vehicle through BA Finance Corp but did not receive the vehicle from VMSC or make monthly payments to BA Finance. 2. BA Finance filed a complaint and claimed it was a holder in due course of the promissory note signed by Spouses Violago for the vehicle financing. 3. The document discusses whether BA Finance can be considered a holder in due course, which would mean it holds the note free from any defects or defenses that could be claimed between the original parties to the transaction.

    Copyright:

    © All Rights Reserved
    Download as PPSX, PDF, TXT or read online from Scribd
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    Download as ppsx, pdf, or txt
    of 8

    SPOUSES VIOLAGO V

    BA FINANCE CORP.
    _____________________________

    Holder in Due Course


    DOCUMENTATION PHP 60, 500
    DOWNPAYMENT
    FINANCE
    APPROVAL BA FINANCE
    FOR BALANCE

    VMSC MONTHLY
    VIOLAGO
    INSTALLMENTS
    TO BA FINANCE
    1. VMSC did not deliver
    the car
    WHAT
    2. Spouses Violago did
    HAPPENED
    PROBLEM
    not pay monthly
    amortizations
    NEXT?
    3. BA Finance filed a
    complaint
    ISSUE
    _____

    WON
    BA FINANCE IS A
    HOLDER IN DUE COURSE?
    (d) BA Finance was never informed, before and
    at (c)law
    the
    The BA
    (b)
    time Finance,
    Itpresumes
    was
    of when
    endorsed
    indorsement,
    that aitby
    accepted
    the the
    that
    holder VMSC
    of athe Note,
    vehicle was
    negotiable
    BA FINANCE = HOLDER IN
    (a) It is complete and regular DUE COURSE
    notacted in good
    in favor
    delivered
    instrument is aof
    and faith
    BAthat
    holder and
    Finance
    VMSC forhad
    thereof value
    already
    in due course
    previously sold it
    1. HOLDS IT FREE FROM ANY DEFECT
    OF TITLE OF PRIOR PARTIES AND
    FROM DEFENSES AVAILABLE TO

    Rights?
    PRIOR PARTIES

    2. MAY ENFORCE PAYMENT OF THE


    INSTRUMENT FOR THE FULL
    AMOUNT THEREOF
    VIOLAGO

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