A found a negotiable instrument lying on the road, and transferred it to B who received
it in good faith, and for consideration. Can B recover the amount due on the instrument?
Answers
Answered by
1
Explanation:
transferee who receives it in a good faith and for value has the right to recover the amount mentioned in the negotiable instrument in his own name. Such person is ... holder of a negotiable instrument is presumed to have paid consideration for it ... ―I promise to pay B Rs. 500 and all other sums which shall be due to him‖.
Similar questions