forgotten notice doctrine

forgotten notice doctrine
A rule applicable where one taking a negotiable instrument contends that he did not have notice of an infirmity in the instrument at that time, although he had such notice at a prior time, the principle being that a lapse of memory or inadvertent omission to look for the notice is mere negligence, not bad faith destroying the taker's status as a holder in due course. 11 Am J2d B & N § 429.

Ballentine's law dictionary. . 1998.

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