The Negotiable Instruments Act

''Promissory note''

''Bill of exchange''

''Cheque''

''Drawer.'

''Holder''

''Holder in due course''

''Payment in due course''

Inland instrument

Foreign instrument

''Negotiable instrument''

Negotiation

Indorsement

Indorsement ''in blank'' and ''in full''

Ambiguous instruments

Where amount is stated differently in figures and words

Instruments payable on demand

Inchoate stamped instruments

''At sight''

''Maturity''

Calculating maturity of bill or note payable so many months after date or sight

Calculating maturity of bill or note payable so many days after date or sight

When day of maturity is a holiday


OF NOTES, BILLS AND CHEQUES


"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.


LAWGIST

# 10 ''Payment in due course''