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Section 53 - Holder deriving title from holder in due course, Section 54 - Instrument indorsed in blank : Negotiable Instruments Act 1881

 

 

How Holder deriving title from holder in due course? What is Instrument indorsed in blank? Holder deriving title from holder in due course and Instrument indorsed in blank are defined under Section 53 and 54 of Negotiable Instruments Act 1881

Section 53 of Negotiable Instruments Act 1881: "Holder deriving title from holder in due course"

A holder of a negotiable instrument who derives title from a holder in due course has the rights thereon of that holder in due course.

 

Section 54 of Negotiable Instruments Act 1881: "Instrument indorsed in blank"

Subject to the provisions hereinafter contained as to crossed cheques, a negotiable instrument indorsed in blank is payable to the bearer thereof even although originally payable to order.

 

Negotiable Instruments Act 1881

Section 41 - Acceptor bound, although, indorsement forged

Section 42 - Acceptance of bill drawn in fictitious name

Section 43 - Negotiable instrument made, etc., without consideration

Section 44 - Partial absence or failure of money-consideration

Section 45 - Partial failure of consideration not consisting of money

Section 45A - Holder's right to duplicate of lost bill

 

 

CHAPTER IV
OF NEGOTIATION

Section 46 - Delivery

Section 47 - Negotiation by delivery

Section - 48 Negotiation by indorsement

Section 49 - Conversion of indorsement in blank into indorsement in full

Section 50 - Effect of indorsement

 

 

Section 51 - Who may negotiate

Section 52 -Indorser who excludes his own liability or makes it conditional

Section 53 - Holder deriving title from holder in due course

Section 54 - Instrument indorsed in blank

Section 55 - Conversion of indorsement in blank into indorsement in full

Section 56 - Indorsement for part of sum due

 

 

Section 57 - Legal representative cannot by delivery only negotiate instrument indorsed by deceased

Section 58 - Instrument obtained by unlawful means or for unlawful consideration

Section 59 - Instrument acquired after dishonour or when overdue

Section 60 - Instrument negotiable till payment or satisfaction

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