The evidence presented in this case is that he accepted the check for
the payment of Gerald's debt which meets the first requirement for
value. Kane also accepted the check in Good Faith to satisfy the
debt. Kane was also unaware of any stop payments placed prior to
accepting the check. There was no knowledge of claims and defenses
on the presented check and therefore meets all requirements to be a
holder in due course. Holder-in-due-course laws are in place to
protect assignees and encourage confidence in the negotiable
instruments provided in the market. Under 403.302 STATS a holder
must take the instrument for value, in good faith and without notice
that is is over due or has been dishonored or of any dense against or
claims to it on the part of any person. Under this law, Kane has met
