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Topic : Indian Law
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Posted in Job Site : Inspire Consultancy Services
 

Negotiable Instruments Act 1881

Created by : nadendla naveen kumar, Student Of PG Studies, Emerald's Business School,PGDM  | 03 23 2011 14:39:57 +0000
Industry : LawFunctional Area : India(Markets)
Keywords : mba
Activity:  332 views;  last activity : 03 23 2011 14:45:20 +0000

Negotiable Instruments Act section 9 defines holder-in due course as

1.He must be a holder.

2.He must become a holder for consideration.

3.The Instrument is possessed or Received before the due date or maturity.

4.The instrument is obtained in good faith.

5.He must receive the instrument complete and regular on face of it. 

  
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section 8 of Negotiable instruments Act defines Holder and to satisfy two conditions 

1.The Instrument is issued in his\her name.

2.Such person is entitled to receive the amount from the parties liable
By nadendla naveen kumar, Student Of PG Studies, Emerald's Business School,PGDM  | 03 23 2011 14:39:57 +0000
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Preamble (26 of 1881) (9th December, 1881) An Act to define and Law relating to Promissory Notes, Bills of Exchange and cheques. WHEREAS it is expedient to define and amend the law relating to promissory notes, bills of exchange and cheques.It is hereby enacted as follows:
By nadendla naveen kumar, Student Of PG Studies, Emerald's Business School,PGDM  | 03 23 2011 14:44:47 +0000
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