Law · Negotiable Instruments Act
Which of the following is NOT a valid qualification to be considered a 'holder in due course' under the Negotiable Instruments Act?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1He must have obtained the instrument in good faith
- 2He must have become a holder before the amount became overdue
- 3He must become a holder without any consideration✓
- 4He must become a holder for valuable consideration
Correct answer
He must become a holder without any consideration
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