Business Studies · Negotiable Instruments Act
Which of the following statements is INCORRECT regarding negotiable instruments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The transferor can never transfer a better title than what he himself possesses.✓
- 2A holder in due course gets a title free from defects of prior holders.
- 3There is no ceiling on the number of transfers.
- 4It is freely transferable from one person to another.
Correct answer
The transferor can never transfer a better title than what he himself possesses.
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