Promissory Note Liability Explained

Thanks for confirming. Here’s some general information that might help:
- Mae-Z can be held liable to Stefano if Stefano is considered a holder in due course (HDC).
- HDC status requires the instrument to be taken for value, in good faith, and without notice of any defect.
- If Stefano meets these criteria, Mae-Z's liability may stand despite the theft.
Do you need more specific details or want to be connected with local lawyers?

To provide more specific details:
*. Holder in Due Course (HDC) Criteria:
- The instrument must be taken for value.
- The instrument must be taken in good faith.
- The instrument must be taken without notice of any defect or forgery.
*. Mae-Z's Liability:
- If Stefano meets the HDC criteria, Mae-Z can be liable even if the note was stolen.
- Mae-Z can claim against Jorge for negligence in safekeeping the note.
Would you like more information on how to assess if Stefano is an HDC, or do you need assistance connecting with a local lawyer?