Payment For Due Course In Illinois

State:
Multi-State
Control #:
US-00422
Format:
Word; 
Rich Text
Instant download

Description

This form is an Assignment of Money Due. The assignor agrees to grant to the assignee all title and interest in a certain debt or money due as described in the agreement. The form also provides that it is the responsibility of the assignor to collect the debt.

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A holder is a person in possession of an instrument payable to bearer or to the identified person possessing it. But a holder's rights are ordinary.Regardless of the type of instrument used to make payment, a holder in due course is entitled to negotiate and enforce an instrument.

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Payment For Due Course In Illinois