Unit 5 

Chapter 4

Holder & Holder in due Course

āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ• āφ⧰ু āϧাā§°āĻ•


Questions

āĻĒ্ā§°āĻļ্āύāϏāĻŽূāĻš MULTIPLE CHOICE QUESTIONS

āĻāĻ•াāϧিāĻ• āĻŦিāĻ•āϞ্āĻĒāĻĒ্ā§°āĻļ্āύ

1. Holder is defined under which section in the Negotiable Instruments Act?

1. āύেāĻ—োāϚিāϝ়েāĻŦāϞ āχāύāώ্āϟ্ā§°ুāĻŽেāĻŖ্āϟ āφāχāύ⧰ āĻ•োāύāϟো āĻļাāĻ–াā§° āĻ…āϧীāύāϤ āϧাā§°āĻ•āύিā§°্āϧাā§°āĻŖ āϕ⧰া āĻšৈāĻ›ে?

(a) Section 6 (b) Section 7 (c) Section 8 (d) Section 9

Ans: (c) Section 8

āωāϤ্āϤ⧰: (āĻ—) āĻļাāĻ–া 8


2. A holder of a negotiable instrument is legally entitled to :

2. āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āĻāϟাā§° āϧাā§°āĻ• āφāχāύীāĻ­াā§ąে āχāϝ়াā§° āĻ…āϧিāĻ•াā§°ী: 

(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•) āϏঁāϜুāϞিāϟোā§° āĻĻāĻ–āϞ ā§°াāĻ–āĻ• (āĻ–) āϏঁāϜুāϞিāϟোāϤ āĻĒā§°িāĻļোāϧ āĻĒ্ā§°াāĻĒ্āϤ āϕ⧰āĻ• (āĻ—) āĻ• āφ⧰ু āĻ– (āϘ) āĻ“āĻĒā§°ā§° āĻ•োāύোāϟোā§ąেāχ āύāĻšāϝ়

Ans: (c) Both a and b

āωāϤ্āϤ⧰: (āĻ—) āĻ• āφ⧰ু āĻ– āĻĻুāϝ়োāϟা


3. When is an instrument said to be defective?

3. āĻ•েāϤিāϝ়া āĻāϟা āϏঁāϜুāϞি āϤ্ā§°ুāϟিāĻĒূā§°্āĻŖ āĻŦুāϞি āĻ•োā§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 āχ āĻ…āϏāĻŽ্āĻĒূā§°্āĻŖ āĻšāϝ় (āĻ–) āϝেāϤিāϝ়া āχāϝ়াāĻ• āϤাā§°িāĻ– āĻĻিāϝ়া āύāĻšāϝ় (āĻ—) āϝেāϤিāϝ়া āχāϝ়াāϤ āĻŽোāĻšā§° āϞāĻ—োā§ąা āύāĻšāϝ়, āϝেāϤিāϝ়া āώ্āϟেāĻŽ্āĻĒিং āĻāϟা āĻĒ্ā§°āϝ়োāϜāύীāϝ়āϤা āφāĻ›িāϞ (āϘ) āĻ“āĻĒā§°োāĻ•্āϤ āϏāĻ•āϞোāĻŦোā§°

Ans: (d) All of the above

āωāϤ্āϤ⧰: (āϘ) āĻ“āĻĒā§°ā§° āϏāĻ•āϞোāĻŦোā§°


FILL IN THE BLANKS

āĻ–াāϞী āĻ াāχāĻŦোā§° āĻĒূā§°āĻŖ āϕ⧰āĻ•

1. The holder of the promissory note is called as............. [payee/maker]

1. āĻĒ্ā§°āĻŽিāϛ⧰ী āύোāϟ⧰ āϧাā§°āĻ•āĻ• ......... āĻŦুāϞি āĻ•োā§ąা āĻšāϝ়। [āĻĒā§°িāĻļোāϧāϕ⧰্āϤা/āύিā§°্āĻŽাāϤা]

Ans: (1) payee

āωāϤ্āϤ⧰: (1) āĻĒā§°িāĻļোāϧāϕ⧰্āϤা


2. When an instrument contains some unusual marks, it is termed as ............. instrument [valid/defective]

2. āϝেāϤিāϝ়া āĻāϟা āϏঁāϜুāϞিāϤ āĻ•িāĻ›ুāĻŽাāύ āĻ…āϏ্āĻŦাāĻ­াā§ąিāĻ• āϚিāĻš্āύ āĻĨাāĻ•ে, āχāϝ়াāĻ• .......āĻŦুāϞি āĻ•োā§ąা āĻšāϝ়। āϏঁāϜুāϞি [āĻŦৈāϧ/āϤ্ā§°ুāϟিāĻĒূā§°্āĻŖ] 

Ans: (2) defective

āωāϤ্āϤ⧰: (2) āϤ্ā§°ুāϟিāĻĒূā§°্āĻŖ 


3. Every holder...........that he obtained instrument for consideration. [has to prove/is presumed]

3. āĻĒ্ā§°āϤিāϜāύ āϧাā§°āĻ•........ āϝে āϤেāĻ“ঁ āĻŦিāĻŦেāϚāύাā§° āĻŦাāĻŦে āϏঁāϜুāϞি āĻĒ্ā§°াāĻĒ্āϤ āϕ⧰িāĻ›িāϞ। [āĻĒ্ā§°āĻŽাāĻŖ āϕ⧰িāĻŦ āϞাāĻ—িāĻŦ/āĻ…āύুāĻŽাāύ āϕ⧰িāĻŦ āϞাāĻ—িāĻŦ]

Ans: (3) is presumed


4. A holder in due course.............sue all prior parties until his claim is satisfied. [can/cannot]

4. āϝāĻĨা āϏāĻŽāϝ়āϤ āĻāϜāύ āϧাā§°āĻ•.. āϤেāĻ“ঁā§° āĻĻাāĻŦী āϏāύ্āϤুāώ্āϟ āύোāĻšোā§ąাāϞৈāĻ•ে āϏāĻ•āϞো āφāĻ—ā§° āĻĒāĻ•্āώ⧰ āĻŦিā§°ুāĻĻ্āϧে āĻ—োāϚ⧰ ā§°ুāϜু āϕ⧰āĻ•।  [āϕ⧰িāĻŦ/āύোā§ąাā§°ে]

Ans: (4) can
āωāϤ্āϤ⧰: (4) āϕ⧰িāĻŦ āĻĒাā§°ে

TRUE/FALSE

āϏāϤ্āϝ/āĻŽিāĻ›া 1. There arises no effect of conditional delivery for a holder in due course.

1. āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āϕ⧰ āĻŦাāĻŦে āϚ⧰্āϤāϏাāĻĒেāĻ•্āώে āĻĒ্ā§°āĻ¸ā§ąā§° āĻ•োāύো āĻĒ্ā§°āĻ­াā§ą āύাāĻĨাāĻ•ে। 

Ans: (1) True

āωāϤ্āϤ⧰: (1) āϏঁāϚা


2. A thief who stole an instrument is called as the holder of the instruments.

2. āĻāϟা āϏঁāϜুāϞি āϚুā§°ি āϕ⧰া āϚোā§°āĻ• āĻŦাāĻĻ্āϝāϝāύ্āϤ্ā§°ā§° āϧাā§°āĻ• āĻŦুāϞি āĻ•োā§ąা āĻšāϝ়।

Ans: (2) False

āωāϤ্āϤ⧰: (2) āĻŽিāĻ›া 


3. A person who has custody of a bearer instrument becomes the holder of the instrument.

3. āĻŦাāĻšāĻ• āϏঁāϜুāϞি ā§°āĻ–া āĻŦ্āϝāĻ•্āϤি āĻāϜāύ āĻŦাāĻĻ্āϝāϝāύ্āϤ্ā§°ā§° āϧাā§°āĻ• āĻšāϝ়। 

Ans: (3) True

āωāϤ্āϤ⧰: (3) āϏঁāϚা


SHORT QUESTIONS āϚāĻŽু āĻĒ্ā§°āĻļ্āύ 1. Who is a holder of a negotiable instrument?

1. āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞিā§° āϧাā§°āĻ• āĻ•োāύ?

Ans:

2. What is the difference between a holder and holder in due course?

2. āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ• āφ⧰ু āϧাā§°āϕ⧰ āĻŽাāϜāϤ āĻĒাā§°্āĻĨāĻ•্āϝ āĻ•ি?

Ans:


3. What are the essentials required US 8 for a holder of a negotiable instrument?

3. āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āĻāϟা āϧাā§°āϕ⧰ āĻŦাāĻŦে āφāĻŽেā§°িāĻ•া āϝুāĻ•্āϤ⧰াāϜ্āϝ 8-ā§° āĻĒ্ā§°āϝ়োāϜāύীāϝ় āϤাāϤ āĻ•ি āĻ•ি āĻĒ্ā§°āϝ়োāϜāύ?

Ans:

4. Write briefly about payment in due course.

4. āϝāĻĨা āϏāĻŽāϝ়āϤ āĻĒā§°িāĻļোāϧ⧰ āĻŦিāώāϝ়ে āϚāĻŽুāĻ•ৈ āϞিāĻ–āĻ•।

Ans:

5. Discuss the provisions of the Negotiable Instruments Act regarding protection to the person making payment in due course.

5. āϝāĻĨা āϏāĻŽāϝ়āϤ āĻĒā§°িāĻļোāϧ āϕ⧰া āĻŦ্āϝāĻ•্āϤিāϜāύāĻ• āϏুā§°āĻ•্āώা āϏāĻŽ্āĻĒā§°্āĻ•ে āύেāĻ—োāϚিāϝ়েāĻŦāϞ āχāύāώ্āϟ্ā§°ুāĻŽেāĻŖ্āϟ āφāχāύ⧰ āĻŦ্āĻ¯ā§ąāϏ্āĻĨাāĻŦোā§° āφāϞোāϚāύা āϕ⧰āĻ•।

Ans: 


LONG QUESTIONS āĻĻীāϘāϞীāϝ়া 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§§. "āĻāϜāύ āĻŦ্āϝāĻ•্āϤিāϝ়ে āĻ¸ā§Ž āĻŦিāĻļ্āĻŦাāϏেā§°ে āφ⧰ু āĻŽূāϞ্āϝ⧰ āĻŦাāĻŦে āĻāĻ• āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āĻ—্ā§°āĻšāĻŖ āϕ⧰িāϞে āϤেāĻ“ঁ āĻāĻ• āĻŦৈāϧ āωāĻĒাāϧি āϞাāĻ­ āϕ⧰ে āϝāĻĻিāĻ“ āϤেāĻ“ঁ āĻāύে āĻāϜāύ āĻŦ্āϝāĻ•্āϤিā§° āĻĒā§°া āϞāϝ় āϝাā§° āĻ•োāύো āύাāĻ›িāϞ।" āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ•āϏāĻŽ্āĻĒā§°্āĻ•ীāϝ় āĻŦ্āĻ¯ā§ąāϏ্āĻĨাāĻŦোā§°ā§° āĻĒā§°িāĻĒ্ā§°েāĻ•্āώিāϤāϤ āĻŦিāĻŦৃāϤিāϟো āφāϞোāϚāύা āϕ⧰āĻ•।

Ans:

2. Define a holder in due course. What are his priviliges under the Negotiable Instruments Act?

2. āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ• āĻāϜāύ⧰ āϏংāϜ্āĻžা āĻĻিāϝ়āĻ•। āύেāĻ—োāϚিāϝ়েāĻŦāϞ āχāύāώ্āϟ্ā§°ুāĻŽেāĻŖ্āϟ āĻāĻ•্āϟ⧰ āĻ…āϧীāύāϤ āϤেāĻ“ঁā§° āĻĒ্ā§°িāĻ­িāϞিāϜāĻŦোā§° āĻ•ি?

Ans:

3. "A holder in due course gets a title free from equities." Comment.

3. "āϝāĻĨা āϏāĻŽāϝ়āϤ āĻāϜāύ āϧাā§°āĻ•ে āχāĻ•ুāχāϟিā§° āĻĒā§°া āĻŽুāĻ•্āϤ āĻļিā§°োāύাāĻŽ āϞাāĻ­ āϕ⧰ে।" āĻŽāύ্āϤāĻŦ্āϝ।

Ans:

4. What is the difference between a holder and holder in due course? What are the rules regarding the holder in due course in Negotiable Instrument Act, 1881?

4. āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āĻ• āφ⧰ু āϧাā§°āϕ⧰ āĻŽাāϜāϤ āĻĒাā§°্āĻĨāĻ•্āϝ āĻ•ি? āύেāĻ—োāϚিāϝ়েāĻŦāϞ āχāύāώ্āϟ্ā§°ুāĻŽেāĻŖ্āϟ āĻāĻ•্āϟ, 1881-āϤ āϝāĻĨা āϏāĻŽāϝ়āϤ āϧাā§°āϕ⧰ āϏāĻŽ্āĻĒā§°্āĻ•ে āĻ•ি āύিāϝ়āĻŽ āφāĻ›ে?

Ans:

5. Discuss the provisions regarding payment in due course US 10 of the Negotiable Instruments Act.

5. āϝāĻĨা āϏāĻŽāϝ়āϤ āĻĒā§°িāĻļোāϧ āϏāĻŽ্āĻĒā§°্āĻ•ীāϝ় āĻŦ্āĻ¯ā§ąāϏ্āĻĨাāĻŦোā§° āφāϞোāϚāύা āϕ⧰āĻ• āύেāĻ—োāϚিāϝ়েāĻŦāϞ āχāύāώ্āϟ্ā§°ুāĻŽেāĻŖ্āϟ āĻāĻ•্āϟ⧰ āφāĻŽেā§°িāĻ•া āϝুāĻ•্āϤ⧰াāώ্āϟ্ā§°10।

Ans:



Type: Priyam Jyoti Patar



Post ID :DABP003533