Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business Negotiable Instruments Act, 1881
A ‘Holder in due course’ of a Negotiable Instrument:
1
Can sue on the instrument in his own name.
2
Can sue only if permitted by the competent court of law.
3
Can sue on the instrument if permitted by the payee.
4
Cannot sue on the instrument in his own name.