Mention the Right of a Holder
Posted by Ripon Abu Hasnat on Sunday, December 6, 2015 | 0 comments
The holder of a negotiable instrument enjoys the following rights:
i) An endorsement in blank may be converted by him into an endorsements in full.
ii) He is entitled to cross a cheque either generally or specially and also with the words “Not Negotiable”.
iii) He can negotiate a cheque to a third person, if such negotiation is not prohibited by the direction given in the cheque.
i) An endorsement in blank may be converted by him into an endorsements in full.
ii) He is entitled to cross a cheque either generally or specially and also with the words “Not Negotiable”.
iii) He can negotiate a cheque to a third person, if such negotiation is not prohibited by the direction given in the cheque.
v) A duplicate copy of a lost cheque may be obtained by a holder.
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