Payment In Due Course
Legal definition for Indian law research
Definition
Payment in due course, means payment in accordance with the apparent tenor of the instrument in good faith and without negligence to any person in possession thereof under circumstances which do not afford a reasonable ground for believing that he is not entitled to receive payment of the amount therein mentioned. (Negotiable Instruments Act, 1881 (26 of 1981), s. 10)
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.