Payment in due course means payment made at or after the maturity of the bill to the holder thereof in good faith and without notice that his title to the bill is defective.

Payment in due course means payment made at or after the maturity of a bill to the holder of the bill in good faith and, if his or her title to the bill is defective, without notice of the defective title.

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.

Examples of Payment in due course in a sentence

Payment in due course (1) A bill is discharged by payment in due course by or on behalf of the drawee or acceptor.
Unit IIINegotiable Instruments - Features – Characteristics – Negotiability - Assignability - Cheques- Crossing – Endorsement - Cheque dishonour- Material Alteration - Marking of Cheques - Closing of customer account - Holder in due course - Privileges - Paying banker and Collecting Banker - Statutory protection to paying and collecting banker – Negligence – Conversion - Payment in due course- Holder for Value.
Payment in due course......................................................................
Payment in due course means payment made at or after maturity of the bill to the holder thereof in good faith and without notice that his or her title to the bill is defective.
Unit-V Negotiable Instrument Act, 1881: Definition; Kinds of Negotiable Instruments; Holder and Holder in due course; Payment in due course, Capacity of Parties, Negotiation, Modes of negotiations, Endorsement and its kinds, Acceptance and Dishonour of cheque, Crossing of cheque, Penalties in case of dishonour of cheque.

More Definitions of Payment in due course

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

Payment in due course means payment made at or after the maturity of a bill to the holder thereof in good

Payment in due course means payment made at or after the maturity of the

Payment in due course means payment made at or after the 10 maturity of the bill to the holder thereof in good faith and without

Payment in due course means payment made at or af-

Payment in due course means a state that payment occur in accordance with the apparent tenor of the Instrument in good faith which would not cause reasonable grounds for believing that the possessor of the instrument is not entitled to receive payment of the amount shown in the Instrument.

Payment in due course means payment made at or atter tne