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Business LawBusiness Law
Negotiable Instrument ActHolder & Holder In Due Course
Presented By:7.Abhishek8.Neeraj Kumar9.Rohit Dhaula10.Sunny11.Sumit
 
Holder (Sec.8)Holder (Sec.8)
 
Definition
 
 The definition given in Section 8 implies thatany person:
Who is entitled in his own name to the possession of the negotiable instrument.
Has right to receive or recover the amount from theparties thereto
.
 
 
Holder’s Of Negotiable InstrumentHolder’s Of Negotiable Instrument
A principal whose name appears on aninstrument as the holder though it isexecuted in the name of his agent forhim.
Where a negotiable instrument is abearer one, any person who is in thepossession of such instrument is theholder.
Where a negotiable instrument is in thename of a partner of a firm, it naturallybecomes a holder, as it is not a
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