Negotiable Instruments Act 1881 || Rights / Special previleges Enjoyed By Holder In Due Course ||

#negotiableinstruments #rights
#Privileges_holder_in_due_course



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in this video we are going to STUDY rights of holder in due course or we can say Special privileges' Enjoyed by holder in due Course

points covered in privileges / rights of holder in due course

(1) DEFECTS OF INSTRUMENTS ARE ELIMINATED
(2) UNAUTHORISED ACTS OF AN AGENT MAY BE VALID
(3) GOOD TITLE IN AN INCHOATE STAMPED INSTRUMENT ( SECTION 20)
(4) LIABILITY OF PRIOR PARTIES TO HOLDER-IN-DUE-COURSE ( SECTION 36)
(5) CAN FILE A SUIT IN HIS OWN NAME
(6) ACCEPTANCE OF BILL DRAWN IN FICTITIOUS NAME ( SECTION 42)
(7) UNLAWFUL INSTRUMENTS ( SECTION 58)
(8) CONDITIONAL DELIVERY ( SECTION 46)
(9) EVERY HOLDER IS A HOLDER-IN-DUE-COURSE ( SECTION 118)
(10) ESTOPPEL AGAINST DENYING ORIGINAL VALIDITY OF INSTRUMENT( SECTION 120)
(11) ESTOPPEL AGAINST DENYING CAPACITY OF PAYEE TO INDORSE ( SECTION 121)
(12) ESTOPPEL AGAINST DENYING CAPACITY OF PRIOR PARTY TO INDORSE ( SECTION 122)
(13) TRANSFEREE FROM A HOLDER-IN-DUE-COURSE ( SECTION 53)
(14) NEGOTIABLE INSTRUMENT WITHOUT CONSIDERATION ( SECTION 43)

So,

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