Holder of an instrument is a person who holds the instrument ........

Negotiable instrument Act Others

Holder of an instrument is a person who holds the instrument

for a longer period

before maturity

after maturity

on behalf of the owner

- Holder of an instrument: Refers to the individual or entity in possession of a financial instrument, such as a check, note, or bond.

- Option 1: For a longer period

- Keeping the instrument regardless of maturity or another condition.

- Does not specify the context of maturity.

- Option 2: Before maturity

- CORRECT ANSWER: The person holding it before the instrument reaches its due date or becomes payable.

- Generally involves active management before the instrument's term concludes.

- Option 3: After maturity

- Refers to holding an instrument that has already matured, awaiting payment or action.

- Option 4: On behalf of the owner

- Acting as a custodian or trustee for another party who possesses ownership rights.

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