I want to know Difference between Holder & Holder in Due Course(Negotiable Intrument Act.). Along With a Number of Practical Examples?
2 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 03 February 2010
Under the Uniform Negotiable Instruments Act, a holder in due course is one who meets two special pre-requisites:
- He became a holder of the check or note before it was overdue; and
-
He took it in good faith and for value, without any reason to know at the time the person selling it to him had defective title.
Otherwise, a holder is merely one who has received the check or note legally, by endorsement or delivey, and who is entitled to receive payment on the instrument.
Ganesh
(Service)
(30 Points)
Replied 02 February 2011
what is the diffrence between holder & holder in due course with examples
Recent Topics
- What is tds12
- SECTION 148 PROCEEDING
- GST AUDIT 01 - NOTICE
- Capital gain purchase date
- Transmission of deceased's shares in physical form
- Income tax notice but unable to file updated retur
- Income tax depreciation deductions
- GST Notice (Under Section 73)
- Asset Declaration in ITR2 for flat purchased in jo
- Active pan but invalid
Related Threads
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
