"Holder in due course" means any person who forconsideration became the possessor of a promissory note, bill of exchange orcheque if payable to bearer, or the payee or indorsee thereof, if 1 [payable toorder],before the amount mentioned in it became payable, and without havingsufficient cause to believe that any defect existed in the title of the personfrom whom he derived his title.
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1.Substituted by Act 8 of 1919, sec. 2, for "payable to, orto the order of, a payee".