Q Let say you bought a High Definition Flat Screen TV set from PC Richards on credit and sign a promissory note which qualifies as a negotiable instrument. PC Richards then sells the note for value to a subsequent holder in good faith so that the subsequent holder qualifies as a HDC. If the TV set turns out to be no good (breach of contract by the payee), can the HDC still collect from you on the note? Why or why not?
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