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For the rule of priority under Section 133 of the Negotiable Instruments Act, 1881 (parts of a bill in…

Section 133 applies "as between holders in due course of different parts of the same set". Holding for value, or by indorsement alone, is not enough to bring the priority…

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For the rule of priority under Section 133 of the Negotiable Instruments Act, 1881 (parts of a bill in a set held by different persons), the holders concerned must be:

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Correct answer B

Section 133 applies "as between holders in due course of different parts of the same set". Holding for value, or by indorsement alone, is not enough to bring the priority rule into play.

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