Holder in due course: acquiring negotiable instruments for consideration before payment secures title absent known defects. A holder in due course is a person who for consideration becomes possessor of a promissory note, bill of exchange or cheque payable to bearer, or becomes the payee or indorsee of an instrument payable to order, where acquisition occurs before the amount becomes payable and without sufficient cause to believe any defect in the transferor's title.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Holder in due course: acquiring negotiable instruments for consideration before payment secures title absent known defects.
A holder in due course is a person who for consideration becomes possessor of a promissory note, bill of exchange or cheque payable to bearer, or becomes the payee or indorsee of an instrument payable to order, where acquisition occurs before the amount becomes payable and without sufficient cause to believe any defect in the transferor's title.
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