x steals a cheque payable to bearer .
is he is a holder ?
Menu
negotiable instruments
Replies (4)
YES AS IT IS TRANSFERABLE
AND THE BEARER OF CHEQUE IS THE HOLDER OF CHEQUE
yes he is holder.
but the condition for holder is entitlement , which is not there then how holder ?
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.
Recent Topics :
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
Related Topics :
CAclubindia
