Negotiable Instruments & Holder in Due Course

Label all parts of the paper clearly as listed below. There are 3 parts to the project paper.

Part I: Negotiable Instruments

Negotiable instruments have been a part of commerce since the Middle Ages and have become increasingly common in modern commerce and business transactions.

A. Explain at least 3 reasons why negotiable instruments are advantageous and important to commerce. 



3-4 paragraphs using in text cites. You may use outside resources but it is not required as the assigned resources should be sufficient.

B. Discuss at least 3 disadvantages/problems for commerce if negotiable instruments were eliminated.

3-4 paragraphs using in text cites. You may use outside resources but it is not required as the assigned resources should be sufficient.

Part II: Holder in Due Course (HDC) Shelter Principle

The Shelter Principle related to HDC transactions is often controversial.

A. Discuss and explain at least 2 positive features/advantages of the Shelter Principle.

2-3 paragraphs using in text cites. You may use outside resources but it is not required as the assigned resources should be sufficient.

B. Discuss and explain at least 2 negative features/disadvantages of the Shelter Principle.

2-3 paragraphs using in text cites. You may use outside resources but it is not required as the assigned resources should be sufficient.

Part III. Holder in Due Course (HDC) Debate

Cosider the positives and negatives of HDC status.

A. Defend (argue in favor of) the following statement: The status of HDC for those who possess negotiable instsruments should be eliminated.

Discuss at least 2 reasons why HDC status should be elimiinated – be in depth and comprehensive. 

3-4 paragraphs using in text cites. USE AT LEAST 1 OUTSIDE RESOURCE, as well as the assigned resources.

B. Defend (argue in favor of) the following statement: The status of HDC for those who possess negotiable instsruments should NOT be eliminated.

Discuss at least 2 reasons why HDC status should NOT be elimiinated – be in depth and comprehensive. 

3-4 paragraphs using in text cites. USE AT LEAST 1 OUTSIDE RESOURCE, as well as the assigned resources.

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Resources: Use articles, cases to support and justify your conclusions.

You may use any of the already assigned articles and cases contained in the classroom, and there are many that will be useful for this paper. These existing resources will be the primary resources for your paper.

Any additional resources may come from:

The Wall Street Journal or MAJOR metropolitan newspapers, i.e., The Washington Post, The New York Times, They Chicago Tribune, The LA Times, etc.

Business periodicals, i.e., Business Week, Forbes, The Economist

Law school law review journals

Business law journals

Do not use:

Blogs, local newspapers, The Huffington Post and similar papers, Wikis, general periodicals

If you have any question whether a resource is acceptable, please post your inquiry in Ask the Professor so all can see the Q & A and benefit from the info.

Format:

double space in a readable black font, size 11-12, number pages if possible, include a simple title page (do not waste time on elaborate graphics which do not earn extra pts)

must include a Resources list

must include an intro paragraph and a conclusion

Grading Rubric (20 points/20 % weight per project)

Part I: 5 pts

4 pts for in depth, substantive, comprehensive logical analysis and presentation + creative, feasible. logical ideas

1/2 pt for proper and adequate in text cites (NO in text cites will result in -1 pt deduction)

1/2 pt for clearly written, organized, error free presentation

Part II: 5 pts

4 pts for in depth, substantive, comprehensive logical analysis and presentation + creative, feasible, logical ideas

1/2 pt for proper and adequate in text cites (NO in text cites will result in -1 pt deduction)

1/2 pt for clearly written, organized, error free presentation

Part III: 9 pts 

8 pts for in depth, substantive, comprehensive logical analysis and presentation + creative, feasible. logical ideas

1/2 pt for proper and adequate in text cites (NO in text cites will result in -1 pt deduction)

1/2 pt for clearly written, organized, error free presentation

Overall: ½ – 1 pt: quality, clarity, organization of writing; following all directions, APA formatting, listing resources, using appropriate and substantive resources, using required resources, including at least 1 outside resource in Part III; including intro and conclusion, overall quality of paper (if 1 of these is deficient, ½ pt will be deducted; if 2/more of these are deficient, the full 1 point will be deducted)