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Who is "Holder in due course" of a Negotiable instrument? What are the rights he possess?

Accounting Financial Accounting Bank Accounting Transaction Banking Banking
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/11
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Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

Agreed with the answer VENKITARAMAN KRISHNA MOORTHY VRINDAVAN

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Holder in due course:  A person who receives a Negotiable Instrument for value, before it was due and in good faith, without notice of any defect in it, he is called holder in due course.A holder of a negotiable instrument need be a holder in due course to get protection under the Negotiable Instruments act  to get the legal entitlement.  

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