NI Act 9Chapter II · Of Notes, Bills and Cheques
Section 9 · Holder in due course''
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"Holder in due course" means any person who for consideration
became the possessor of a promissory note, bill of exchange or cheque if payable to bearer,
or the payee or indorsee thereof, if 1[payable to order,]
before the amount mentioned in it became payable, and without having sufficient cause to believe that any defect existed in the title of the person from whom he derived his title.
or the payee or indorsee thereof, if 1[payable to order,]
before the amount mentioned in it became payable, and without having sufficient cause to believe that any defect existed in the title of the person from whom he derived his title.
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