Unit 5
Chapter 4
Holder & Holder in due Course
āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ āĻā§°ু āϧাā§°āĻ
Questions
āĻĒ্ā§°āĻļ্āύāϏāĻŽূāĻš MULTIPLE CHOICE QUESTIONS
āĻāĻাāϧিāĻ āĻŦিāĻāϞ্āĻĒāĻĒ্ā§°āĻļ্āύ
1. Holder is defined under which section in the Negotiable Instruments Act?
1. āύেāĻোāĻিāϝ়েāĻŦāϞ āĻāύāώ্āĻ্ā§°ুāĻŽেāĻŖ্āĻ āĻāĻāύ⧰ āĻোāύāĻো āĻļাāĻাā§° āĻ āϧীāύāϤ āϧাā§°āĻāύিā§°্āϧাā§°āĻŖ āĻā§°া āĻšৈāĻে?
(a) Section 6 (b) Section 7 (c) Section 8 (d) Section 9
Ans: (c) Section 8
āĻāϤ্āϤ⧰: (āĻ) āĻļাāĻা 8
2. A holder of a negotiable instrument is legally entitled to :
2. āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āĻāĻাā§° āϧাā§°āĻ āĻāĻāύীāĻাā§ąে āĻāϝ়াā§° āĻ āϧিāĻাā§°ী:
(a) Have the possession of the instrument (b) Receive the payment on the instrument
(c) Both a and b (d) None of the above
(āĻ) āϏঁāĻুāϞিāĻোā§° āĻĻāĻāϞ ā§°াāĻāĻ (āĻ) āϏঁāĻুāϞিāĻোāϤ āĻĒā§°িāĻļোāϧ āĻĒ্ā§°াāĻĒ্āϤ āĻā§°āĻ (āĻ) āĻ āĻā§°ু āĻ (āĻ) āĻāĻĒā§°ā§° āĻোāύোāĻোā§ąেāĻ āύāĻšāϝ়
Ans: (c) Both a and b
āĻāϤ্āϤ⧰: (āĻ) āĻ āĻā§°ু āĻ āĻĻুāϝ়োāĻা
3. When is an instrument said to be defective?
3. āĻেāϤিāϝ়া āĻāĻা āϏঁāĻুāϞি āϤ্ā§°ুāĻিāĻĒূā§°্āĻŖ āĻŦুāϞি āĻোā§ąা āĻšāϝ়?
(a) When it is incomplete
(b) When it is not dated (c) When it is not stamped, when stamping was a requirement (d) All of the above
(āĻ) āϝেāϤিāϝ়া āĻ āĻ āϏāĻŽ্āĻĒূā§°্āĻŖ āĻšāϝ় (āĻ) āϝেāϤিāϝ়া āĻāϝ়াāĻ āϤাā§°িāĻ āĻĻিāϝ়া āύāĻšāϝ় (āĻ) āϝেāϤিāϝ়া āĻāϝ়াāϤ āĻŽোāĻšā§° āϞāĻোā§ąা āύāĻšāϝ়, āϝেāϤিāϝ়া āώ্āĻেāĻŽ্āĻĒিং āĻāĻা āĻĒ্ā§°āϝ়োāĻāύীāϝ়āϤা āĻāĻিāϞ (āĻ) āĻāĻĒā§°োāĻ্āϤ āϏāĻāϞোāĻŦোā§°
Ans: (d) All of the above
āĻāϤ্āϤ⧰: (āĻ) āĻāĻĒā§°ā§° āϏāĻāϞোāĻŦোā§°
FILL IN THE BLANKS
āĻাāϞী āĻ াāĻāĻŦোā§° āĻĒূā§°āĻŖ āĻā§°āĻ
1. The holder of the promissory note is called as............. [payee/maker]
1. āĻĒ্ā§°āĻŽিāĻā§°ী āύোāĻā§° āϧাā§°āĻāĻ ......... āĻŦুāϞি āĻোā§ąা āĻšāϝ়। [āĻĒā§°িāĻļোāϧāĻā§°্āϤা/āύিā§°্āĻŽাāϤা]
Ans: (1) payee
āĻāϤ্āϤ⧰: (1) āĻĒā§°িāĻļোāϧāĻā§°্āϤা
2. When an instrument contains some unusual marks, it is termed as ............. instrument [valid/defective]
2. āϝেāϤিāϝ়া āĻāĻা āϏঁāĻুāϞিāϤ āĻিāĻুāĻŽাāύ āĻ āϏ্āĻŦাāĻাā§ąিāĻ āĻিāĻš্āύ āĻĨাāĻে, āĻāϝ়াāĻ .......āĻŦুāϞি āĻোā§ąা āĻšāϝ়। āϏঁāĻুāϞি [āĻŦৈāϧ/āϤ্ā§°ুāĻিāĻĒূā§°্āĻŖ]
Ans: (2) defective
āĻāϤ্āϤ⧰: (2) āϤ্ā§°ুāĻিāĻĒূā§°্āĻŖ
3. Every holder...........that he obtained instrument for consideration. [has to prove/is presumed]
3. āĻĒ্ā§°āϤিāĻāύ āϧাā§°āĻ........ āϝে āϤেāĻঁ āĻŦিāĻŦেāĻāύাā§° āĻŦাāĻŦে āϏঁāĻুāϞি āĻĒ্ā§°াāĻĒ্āϤ āĻā§°িāĻিāϞ। [āĻĒ্ā§°āĻŽাāĻŖ āĻā§°িāĻŦ āϞাāĻিāĻŦ/āĻ āύুāĻŽাāύ āĻā§°িāĻŦ āϞাāĻিāĻŦ]
Ans: (3) is presumed
4. A holder in due course.............sue all prior parties until his claim is satisfied. [can/cannot]
4. āϝāĻĨা āϏāĻŽāϝ়āϤ āĻāĻāύ āϧাā§°āĻ.. āϤেāĻঁā§° āĻĻাāĻŦী āϏāύ্āϤুāώ্āĻ āύোāĻšোā§ąাāϞৈāĻে āϏāĻāϞো āĻāĻā§° āĻĒāĻ্āώ⧰ āĻŦিā§°ুāĻĻ্āϧে āĻোāĻā§° ā§°ুāĻু āĻā§°āĻ। [āĻā§°িāĻŦ/āύোā§ąাā§°ে]
TRUE/FALSE
āϏāϤ্āϝ/āĻŽিāĻা 1. There arises no effect of conditional delivery for a holder in due course.
1. āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻā§° āĻŦাāĻŦে āĻā§°্āϤāϏাāĻĒেāĻ্āώে āĻĒ্ā§°āĻ¸ā§ąā§° āĻোāύো āĻĒ্ā§°āĻাā§ą āύাāĻĨাāĻে।
Ans: (1) True
āĻāϤ্āϤ⧰: (1) āϏঁāĻা
2. A thief who stole an instrument is called as the holder of the instruments.
2. āĻāĻা āϏঁāĻুāϞি āĻুā§°ি āĻā§°া āĻোā§°āĻ āĻŦাāĻĻ্āϝāϝāύ্āϤ্ā§°ā§° āϧাā§°āĻ āĻŦুāϞি āĻোā§ąা āĻšāϝ়।
Ans: (2) False
āĻāϤ্āϤ⧰: (2) āĻŽিāĻা
3. A person who has custody of a bearer instrument becomes the holder of the instrument.
3. āĻŦাāĻšāĻ āϏঁāĻুāϞি ā§°āĻা āĻŦ্āϝāĻ্āϤি āĻāĻāύ āĻŦাāĻĻ্āϝāϝāύ্āϤ্ā§°ā§° āϧাā§°āĻ āĻšāϝ়।
Ans: (3) True
āĻāϤ্āϤ⧰: (3) āϏঁāĻা
SHORT QUESTIONS āĻāĻŽু āĻĒ্ā§°āĻļ্āύ 1. Who is a holder of a negotiable instrument?
1. āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞিā§° āϧাā§°āĻ āĻোāύ?
Ans:
2. What is the difference between a holder and holder in due course?
2. āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ āĻā§°ু āϧাā§°āĻā§° āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ āĻি?
Ans:
3. What are the essentials required US 8 for a holder of a negotiable instrument?
3. āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āĻāĻা āϧাā§°āĻā§° āĻŦাāĻŦে āĻāĻŽেā§°িāĻা āϝুāĻ্āϤ⧰াāĻ্āϝ 8-ā§° āĻĒ্ā§°āϝ়োāĻāύীāϝ় āϤাāϤ āĻি āĻি āĻĒ্ā§°āϝ়োāĻāύ?
Ans:
4. Write briefly about payment in due course.
4. āϝāĻĨা āϏāĻŽāϝ়āϤ āĻĒā§°িāĻļোāϧ⧰ āĻŦিāώāϝ়ে āĻāĻŽুāĻৈ āϞিāĻāĻ।
Ans:
5. āϝāĻĨা āϏāĻŽāϝ়āϤ āĻĒā§°িāĻļোāϧ āĻā§°া āĻŦ্āϝāĻ্āϤিāĻāύāĻ āϏুā§°āĻ্āώা āϏāĻŽ্āĻĒā§°্āĻে āύেāĻোāĻিāϝ়েāĻŦāϞ āĻāύāώ্āĻ্ā§°ুāĻŽেāĻŖ্āĻ āĻāĻāύ⧰ āĻŦ্āĻ¯ā§ąāϏ্āĻĨাāĻŦোā§° āĻāϞোāĻāύা āĻā§°āĻ।
Ans:
LONG QUESTIONS āĻĻীāĻāϞীāϝ়া āĻĒ্ā§°āĻļ্āύ 1. "A person taking a negotiable instrument in good faith and for value obtains a valid title though he takes from one who had none." Discuss the statement in the light of the provisions regarding holder in due course.
ā§§. "āĻāĻāύ āĻŦ্āϝāĻ্āϤিāϝ়ে āϏ⧠āĻŦিāĻļ্āĻŦাāϏেā§°ে āĻā§°ু āĻŽূāϞ্āϝ⧰ āĻŦাāĻŦে āĻāĻ āĻŽীāĻŽাংāϏাāϝোāĻ্āϝ āϏঁāĻুāϞি āĻ্ā§°āĻšāĻŖ āĻā§°িāϞে āϤেāĻঁ āĻāĻ āĻŦৈāϧ āĻāĻĒাāϧি āϞাāĻ āĻā§°ে āϝāĻĻিāĻ āϤেāĻঁ āĻāύে āĻāĻāύ āĻŦ্āϝāĻ্āϤিā§° āĻĒā§°া āϞāϝ় āϝাā§° āĻোāύো āύাāĻিāϞ।" āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻāϏāĻŽ্āĻĒā§°্āĻীāϝ় āĻŦ্āĻ¯ā§ąāϏ্āĻĨাāĻŦোā§°ā§° āĻĒā§°িāĻĒ্ā§°েāĻ্āώিāϤāϤ āĻŦিāĻŦৃāϤিāĻো āĻāϞোāĻāύা āĻā§°āĻ।
Ans:
2. āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ āĻāĻāύ⧰ āϏংāĻ্āĻা āĻĻিāϝ়āĻ। āύেāĻোāĻিāϝ়েāĻŦāϞ āĻāύāώ্āĻ্ā§°ুāĻŽেāĻŖ্āĻ āĻāĻ্āĻā§° āĻ āϧীāύāϤ āϤেāĻঁā§° āĻĒ্ā§°িāĻিāϞিāĻāĻŦোā§° āĻি?
Ans:
3. "A holder in due course gets a title free from equities." Comment.
3. "āϝāĻĨা āϏāĻŽāϝ়āϤ āĻāĻāύ āϧাā§°āĻে āĻāĻুāĻāĻিā§° āĻĒā§°া āĻŽুāĻ্āϤ āĻļিā§°োāύাāĻŽ āϞাāĻ āĻā§°ে।" āĻŽāύ্āϤāĻŦ্āϝ।
Ans:
4. āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ āĻā§°ু āϧাā§°āĻā§° āĻŽাāĻāϤ āĻĒাā§°্āĻĨāĻ্āϝ āĻি? āύেāĻোāĻিāϝ়েāĻŦāϞ āĻāύāώ্āĻ্ā§°ুāĻŽেāĻŖ্āĻ āĻāĻ্āĻ, 1881-āϤ āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻā§° āϏāĻŽ্āĻĒā§°্āĻে āĻি āύিāϝ়āĻŽ āĻāĻে?
Ans:
5. Discuss the provisions regarding payment in due course US 10 of the Negotiable Instruments Act.
5. āϝāĻĨা āϏāĻŽāϝ়āϤ āĻĒā§°িāĻļোāϧ āϏāĻŽ্āĻĒā§°্āĻীāϝ় āĻŦ্āĻ¯ā§ąāϏ্āĻĨাāĻŦোā§° āĻāϞোāĻāύা āĻā§°āĻ āύেāĻোāĻিāϝ়েāĻŦāϞ āĻāύāώ্āĻ্ā§°ুāĻŽেāĻŖ্āĻ āĻāĻ্āĻā§° āĻāĻŽেā§°িāĻা āϝুāĻ্āϤ⧰াāώ্āĻ্ā§°10।
Ans:
Type: Priyam Jyoti Patar
Post ID :DABP003533