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Section 10 NI Act — “Payment in due course ”

The Negotiable Instruments Act, 1881 · Official PDF page 10

Open in NyayaOfficial PDF, page 10

10. “Payment in due course ”.—“Payment in due course” means payment in accordance with the apparent tenor of the instrument in good fait h 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.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

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