Forgotten Notice Doctrine Law and Legal Definition

Forgotten notice doctrine states that if someone legitimately forgets about the notice then there is no notice. It is a rule applicable where one taking a negotiable instrument contends that he did not have notice of an infirmity in the instrument at that time, although he had such notice at a prior time. The principle behind the doctrine is that a lapse of memory or inadvertent omission to look for the notice is mere negligence, not bad faith destroying the taker's status as a holder in due course. Some states allow the forgotten notice doctrine.