"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.
Section 10: ''Payment in due course''.
The Negotiable Instruments Act, 1881Central Act · Act 26 of 1881
Where this provision sits
| Act | The Negotiable Instruments Act, 1881 |
|---|---|
| Section | 10 |
| Marginal note | ''Payment in due course''. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 2 |
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