Holder in due course definition

Holder in due course means any person who for consideration became the possessor of a promissory note, bill of exchange or cheque if payable to bearer, or the payee or indorsee thereof, if payable to order, before the amount mentioned in it became payable, and without having sufficient cause to believe that any defect existed in the title of the person from whom he derived his title.”
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Holder in due course means the holder of an instrument if:
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Holder in due course means any person who for consideration becomes the possessor of a negotiable instrument if payable to bearer, or the payee or indorsee thereof if payable to order, before the amount mentioned in it became payable, and without sufficient cause to believe that any defect existed in the title of the person from whom he derived his title (Sec. 9). Thus, in order to be called a ‘holder in due course’ a person must possess the following specifications:
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Examples of Holder in due course in a sentence

  • Furthermore, the Holder shall be entitled to all the rights of a Holder in due course of a negotiable instrument.

  • Unit – III: Negotiable Instruments Act - 1881: Negotiable Instruments- Promissory Note, Bills of Exchange, & Cheque, Parties to negotiable instruments, Types of endorsements, Holder- Holder in due course, Dishonour and discharge of negotiable Instruments, Offences by the companies.

  • Unit IIINegotiable Instruments - Features – Characteristics – Negotiability - Assignability - Cheques- Crossing – Endorsement - Cheque dishonour- Material Alteration - Marking of Cheques - Closing of customer account - Holder in due course - Privileges - Paying banker and Collecting Banker - Statutory protection to paying and collecting banker – Negligence – Conversion - Payment in due course- Holder for Value.

  • Further, notwithstanding anything to the contrary herein, Adviser may disclose “confidential information” to its agents and advisors whenever Adviser determines that disclosure is necessary or advisable to provide the services contemplated hereunder.

  • Holder in due course.........................................................................


More Definitions of Holder in due course

Holder in due course means the holder of an instrument if all of the following apply:
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Holder in due course means any person who for consideration becomes the possessor of a negotiable instrument if payable to bearer, or the payee or indorsee thereof if payable to order, before the amount mentioned in it became payable, and without sufficient cause to believe that
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Holder in due course means any person who for consideration becomes the possessor of a promissory note, bill of exchange or a cheque, if oavable to bearer, or payee or endorsee thereof if payable to order, before it became overdue, without notice that the title of the person from whom he derived his own title was defective.”
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Holder in due course. , in relation to a bill, means a holder who has taken the bill, which was complete and regular on the face of it, under the following conditions:–
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Holder in due course means any person who for consideration and in good faith 2
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Holder in due course means a person having entitlement upon the Negotiable Instrument according to law, in the case of a Negotiable Instrument payable to a bearer, and the Payee or a person endorsed by him, in the case of a Negotiable Instrument payable to the ordered perosn.
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Holder in due course means any person who for considera- tion became the possessor of a promissory note, bill of exchange or cheque if payable to bearer,
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