Economics · Business Law
Which of the following statement describes a characteristic that is NOT essential for a negotiable instrument under the Negotiable Instruments Act, 1881?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The holder in due course can sue in their own name without giving prior notice of assignment to the debtor.
- 2It should possess easy negotiability by mere delivery or endorsement and delivery.
- 3There must be flexibility and ease in the process of transfer.
- 4The transferor can pass a better title to a bona fide transferee for value even if their own title is defective.✓
Correct answer
The transferor can pass a better title to a bona fide transferee for value even if their own title is defective.
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