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Law · Q114

Negotiable Instruments Act

Graduate and Post Graduate · Law · question 114

Q114

Who is 'holder in due course'?

A.
A person who holds negotiable instrument in the name of his spouse
B.
A person who holds negotiable instrument in his name
C.
A person who becomes possessor of negotiable instrument without consideration
D.
A person who becomes possessor of negotiable instrument payable to bearer for consideration
Answer

Answer: Option D

Solution

Answer: Option D
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