Section 53 of the Negotiable Instruments Act deals with:
Section 53 NI Act provides that "a holder of a negotiable instrument who derives title from a holder in due course has the rights thereon of that holder in due course".…
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Section 53 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 53 NI Act provides that "a holder of a negotiable instrument who derives title from a holder in due course has the rights thereon of that holder in due course". Instruments acquired after dishonour or maturity are dealt with in s.59, and those obtained by unlawful means in s.58.
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