Mention the Right of a Holder

    The holder of a negotiable instrument enjoys the following rights:

    i) An endorsement in blank may be converted by him into an endorsements in full.

    ii) He is entitled to cross a cheque either generally or specially and also with the words “Not Negotiable”.

    iii) He can negotiate a cheque to a third person, if such negotiation is not prohibited by the direction given in the cheque.

   

iv) He can claim payment of the instrument and can sue in his own name on the instrument.

    v) A duplicate copy of a lost cheque may be obtained by a holder.