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negotiable instruments

IPCC 216 views 4 replies
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1 Points Posted on 03 April 2018
x steals a cheque payable to bearer .
is he is a holder ?
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On 03 April 2018 at 17:33 Report
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Chartered Accountant
12739 Points Posted on 03 April 2018

YES AS IT IS TRANSFERABLE 

AND THE BEARER OF CHEQUE IS THE HOLDER OF CHEQUE 

40 Reply
On 03 April 2018 at 17:35
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744 Points Posted on 03 April 2018
yes he is holder.
5 Reply
On 03 April 2018 at 20:34
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1 Points Posted on 03 April 2018
but the condition for holder is entitlement , which is not there then how holder ?
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On 03 April 2018 at 17:37
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NONE
163 Points Posted on 04 April 2018
Since, A Holder is a person who obtains a negotiable instrument for Value,X can't be said to be a holder of cheque. Please refer to definition of holder as per Negotiable Instrument Act 1881.
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On 04 April 2018 at 10:48


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