"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.
Chapter II — OF NOTES, BILLS AND CHEQUES
Section 10
''Payment in due course''.
Printed from Law on Tips • The Negotiable Instruments Act, 1881