Legal-Explanations.com - Legal resources in plain English
Legal-Explanations.com Home > Legal Definitions
 

Payment In Due Course

It refers to the payment, which was due, made to the person who have by fraudulent means acquired the promissory note or bill of exchange, without the knowledge of the same. The actual owner of the promissory note or bills of exchange has to look for the receipent of such funds and cannot claim funds without such notes.

 
Legal-Explanations.com Home
About us | Contact us | Privacy | Terms of service

2004 - 2007 Legal-Explanations.com. All rights reserved