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Negotiable instruments Video no 42

Corporate & Other Laws

Sec - 46, "As between such parties and any holder of the instrument otherthan a holder in due course, it may be shown that the instrument was delivered conditionally or for a special purpose only, and not for the purpose of transferring absolutely the property therein " Can u explain this provision?


surya prakash

surya prakash

CA Inter

2K+

22-Jun-20 09:49

312

Answers (1)

If itâ??s not holder in due course then negotiable instrument payable to bearer has to be delivered with condition or special purpose


Lavanya Chitturi

Lavanya Chitturi

CA Inter

895

23-Jun-20 09:54

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