NIA 10 — “Payment in due course”

Negotiable Instruments Act, 1881

Statutory text

“Payment in due course” means payment in accordance with the
apparent tenor of the instrument in good faith and without negligence to any person in possession thereof
under  circumstances  which  do  not  afford  a  reasonable  ground  for  believing  that  he  is  not  entitled  to receive payment of the amount therein mentioned.

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