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Holder In Due Course Is A Person Who Becomes The Possessor Of The Instrument

Holder In Due Course Is A Person Who Becomes The Possessor Of The Instrument - who is a holder in due course? “ 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. It is essential that a person who claims to be a holder in due course must show that he acquired the instrument for.“holder in due course”.— “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.holder in due course is defined as a holder who acquires the negotiable instrument in.