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Section 10 - Payment in Due Course : Negotiable Instruments Act 1881

What is payment in due course?  Payment in due course is defined defined under Section 10 of Negotiable Instruments Act 1881



Section 10 of Negotiable Instruments Act 1881: "Payment in due course"

"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.

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