ynditional” and becomes operative the next di a ITS noted and protested for ‘on payment As 14 “Maturity” ‘The maturity of a promis sary oor is the date at which it falls due. Seat AAAS Detective Tle When an instrument has been lost, oF has been ‘obtained by means of an offence or fraud, or for an “unlawful consideration, the tile ofthe instrument will become defective. gues “older in due Course’ solder in due course means any person whe Les consideration became the possessor of missorY Fheque, if payable to bearer: jetoorder note, bill of exchange or ¢ before the amount mentioned int Became payable Sire payee or endorse thereot,fpaveb ‘to believe that and without having sufficient cause exists in inet enon tom. any he derived the holder must der in due course, riet conditions ‘To qualify as hol of a cheque under take possession complete and reeular Teepe face of. Tus, aperson when aking on eer eheau rom 2 paver wi the seye's endorsement coularot Pe olden due course. The cheque overdue. ‘The holder must previous dishonor, He must bea holder fo ‘The cheque must be when negotiated must not PE take it without natice Of ifany. y some consideration, or the instrument. w. ie he must give value i vy aterm de eouse must ke 3 aathout notice of any defect inte tH of the person fram whom he t00k ve trims be raticed that in case the ed with forgery, there instrument is ‘ain cannot be holder in instrument. ‘due course of such an rhe erin cus asst fa rights of holder as follows: mew E Tanetepamect ein ose Teo arent hte he 29 res, unless further negotiation Is Where the holder 0! or We rrnepies ae It he ls called transferor 0" delivery: . ; sferc ofaeliverY ‘Aithough It Is provided that? ee eres vy * et ye vis in tiabllty OF ot gn tne sec sone wpa in 90! toe ns Ine eens transfer it transient and hat sgn rea inaruet pine defect which renders lt value oe we wis ee ei ea peels foray aelver rune esr in a ee f cas “Paymentin aoe at ie ue cour nea ay the amet ae a appt neal ne accordant og faith ne spout NE nde instrument SO possoss ot ore of sonable a ra nich dO not afford at soceve 2 pars ene ne re cg sour aero in 1.19 anegott rion” a chan open a prose ore Speed 22 6 5035 10 rumen worse 220% fey tert, oes Dave ig es egotiated the instr Ee aoats ear itis negotiated by delive sore oct eee ae vas nego a7 instrument re certain even on. © quasi Negotiable instruments are # which can be transfer delivery but the transferee that ofthe transferor a 21 “Endorsement” when the maker or holder Of ° negotiable aanetment signs the same, otherwise than 3S such maker, for the purpose of negotiation, on the back or face thereof or ona slip of paper. annexed thereto, oF so signs for the same purpose a stamped paper intended to be completed as a negotiable instrument, he is said to indorse the same & is called ae does not fi rruments” te in ts which are recognized 45 neeotahl f Smofleding et: ph Ue