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Negotiable instruments Video no 42

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

980

22-Jun-20 09:49

16

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

Moderator

23-Jun-20 09:54