Saturday, March 25, 2017

What are the Four conditions for Holder in due course of a negotiable instrument?



Answer: 
To become Holder in due course of a negotiable instrument , a individual/organization has to meet following 04(four) criteria:

 1)     Without knowing the defective title of the previous owner.

2)     For value

3)     Good faith & with out negligence.

4)     Before it become overdue

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