Negotiable Instruments

Effect of Possession of a Negotiable Instrument After Presentment and Dishonor

What is the effect of possession of a negotiable instrument after presentment and dishonor?

 

It does not make the possessor a holder for value within the meaning of the law. It gives rise to no liability on the part of the maker or drawer or indorsers. (STELCO Marketing Corp. vs. CA, G.R. No. 96160, June 17, 1992)


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Musikatorni is a musical project by Atty. Ranny Randolf B. Libayan, known for its original song compositions that blend insightful lyrics with captivating melodies.
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