{"data":{"id":"us-gu/13-gca-3305","jurisdiction":"us-gu","citation":"13 GCA § 3305","heading":"Rights of a Holder in Due Course.","body":"To the extent that a holder is a holder in due course he takes the instrument free from\n(1) All claims to it on the part of any person; and\n(2) All defenses of any party to the instrument with whom the holder has not dealt except\n(a) Infancy, to the extent that it is a defense to a simple contract; and\n(b) Such other incapacity, or duress, or illegality of the transaction, as renders the obligation of the party a nullity; and\n(c) Such misrepresentation as has induced the party to sign the instrument with neither knowledge nor reasonable opportunity to obtain knowledge of its character or its essential terms; and\n(d) Discharge in insolvency proceedings; and\n(e) Any other discharge of which the holder has notice when he takes the instrument.","path":["Title 13: Uniform Commercial Code","Division 3: Commercial Paper","CHAPTER 3: RIGHTS OF HOLDER"],"source_url":"https://col.guamcourts.gov/sites/default/files/13gdv003.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:27:58Z","sha256":"e7eb70f8a4dda1af8b83269b0aa05e6221ffb51979a2226116b240536f12fca6","source_id":"us-gu","stale":false,"prev":"us-gu/13-gca-3304","next":"us-gu/13-gca-3306"},"notice":"GroundRules: Original legal text. Not legal advice."}