Negotiations are essential in business, banking, and personal life. Learn the definition, types, importance, and key strategies of negotiation with real-life examples.
Category: JAIBB
Foreign Instruments: Definition, Features, Differences & Examples
Foreign instruments: definition under the Negotiable Instruments Act, essential features, differences with inland instruments, practical banking examples, and exam-oriented notes for banking professionals.
Inland Instruments: Definition, Features, Examples & Banking Exam Notes
Inland instruments: definition under the Negotiable Instruments Act, key features, differences with foreign instruments, practical examples, and exam pointers for banking professionals.
Payment in Due Course: Definition, Conditions, Effects & Examples
Payment in due course: meaning under the Negotiable Instruments Act, essential conditions, banker’s protection, effects on parties, and practical examples for banking and competitive exams.
Holder in Due Course: Meaning, Rights, and Importance in Negotiable Instruments Law
Holder in Due Course (HDC) is a person who acquires a negotiable instrument in good faith, for value, and before its maturity, thereby enjoying special rights and protections—such as priority in claims against previous defects or defenses. Under the Negotiable Instruments Act, 1881 (Section 9) of Bangladesh, this post explains the definition, conditions, rights/privileges, and examples of HDC in a clear and concise way.