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Negotiable Instrument Act - 2 (UGC/ NET)
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A ‘holder in due course’ is a person
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A
who becomes a possessor of the negotiable instrument for consideration
💡 Explanation:
A ‘holder in due course’ is a person who has received a negotiable instrument in good faith and without notice that it is overdue, that there is any prior claim, or that there is a defect in the title of the person who negotiated it.