Question

The holder of the negotiable Instrument has the right to sue in _______.

• A. his own name
• B. in the name of third person
• C. none of the above
• D. all of the above

Answer 1

Answer: (A)

his own name

As per the Negotiable Instruments act, 1881, a holder has been provided with certain rights which includes:

• He may sue on the instrument in his own name even if he be a holder only for collection or as a pledge of the instrument.
• He may receive payment and if the payment is in due course, the instrument is discharged.