CHARACTERISTICS OF NEGOTIABLE INSTRUMENT Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â {SEC 13}
- Â Freely transferable from one person to another person.
- The holder in due course (HDC) obtains good title of the instrument notwithstanding any defect in the previous holder.
- HDC of a negotiable instrument can sue on the instrument in his own name.
- Transferable infinitum.
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