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.
Tag: Negotiable Instruments Act 1881
Negotiable Insłtrument – Definition, Features & Types
Learn about Negotiable Instruments, their definitions, features, and types as per the Negotiable Instruments Act 1881 in Bangladesh.