Regular used words in banking world Promissory Note Promissory Note is an instrument in writing (not being a banknote or a currency note), containing an unconditional undertaking, signed by the maker, to pay on demand or at a fixed or determinable future time a certain sum of money only to, […]
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HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE
HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE: A negotiable instrument is transferable from person to person. The Negotiable Instrument Act confers upon the person, who acquired it bona fide and for value, the right to possess good title to […]
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