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Section 29 of the Bill of Exchange Act defines a holder in due course as a holder who
has taken a bill:
(i) Which is complete and regular on the face of it.
(ii) Before it was over due.
(iii) Without notice that the bill has previously been dishonoured if such was the fact.
(iv) In good faith and for value.
(v) Without notice, that the person who negotiated it to him had a defective title.
A holder for value on the other hand is any person who has provided, or who is deemed to have
provided consideration on a bill of exchange.
maurice.mutuku answered the question on May 1, 2018 at 09:51
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