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 Section 3-302(a) describes a holder in due course as follows: (a) General rule.-A holder in due course is a holder who takes the instrument: (1) for value; (2) in good faith; and (3) without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person. 13 Pa.C.S. § 3302(a).

A transferee acquires whatever rights the transferor had, even if the transferee is aware of the defenses to enforcement. 13 Pa.C.S. § 3201; see also Finalco, Inc. v. Roosevelt, 3 Cal. Rptr. 2d 865 (Ct. App. 1991); DH Cattle ...