NIA Section 10

Negotiable Instruments Act

US
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NIAChapter II

S. 10

Payment in due course

Description

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.

By Raman Devgan
Updated: 16 Aug 2018
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