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LSDefine

Simple English definitions for legal terms

bona fide holder for value

Read a random definition: Section 8 and 15 affidavit

A quick definition of bona fide holder for value:

A bona fide holder for value is someone who has received a negotiable instrument in exchange for something valuable, such as money or property. This person has a legal right to the instrument and can enforce it against the original issuer or any other party involved. Examples of valuable exchanges include taking out a loan or receiving payment for a debt.

A more thorough explanation:

A bona fide holder for value is a person who has given something of value in exchange for a negotiable instrument. This means that they have either acquired a security interest in the instrument or accepted the instrument as payment for a debt that was owed to them.

For example, if someone takes out a loan and uses a promissory note as collateral, the lender becomes a bona fide holder for value because they have given money in exchange for the negotiable instrument. Similarly, if a business accepts a check as payment for goods or services that were already provided, they become a bona fide holder for value because they have accepted the check in exchange for an antecedent claim.

The concept of a bona fide holder for value is important in the world of finance because it provides legal protection to those who have acquired negotiable instruments in good faith. If a negotiable instrument is later found to be fraudulent or invalid, a bona fide holder for value may still be able to enforce the instrument and collect on it.

bona fide emptor | bona fide intent to use

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letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
LSD+ is ad-free, with DMs, discounts, case briefs & more.