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payment in due course

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payment in due course n. the giving of funds to the holder of a promissory note or bill of exchange when due, without any knowledge that the document had been acquired by fraud or that the holder did not have valid title. The true owner of the bill or note cannot also demand payment, but must look to the recipient of the funds. (See: holder in due course)



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Mr Caffall said: "While there is no doubt that farmers will receive their single farm payment in due course, the damage to cashflow brought about by a delayed payment will impact across the whole supply chain and threaten the viability of an industry already working on slender margins.
If an appeal is from a judgment for money, the condition of the bond shall be for the prosecution of the appeal and the payment of the judgment, interest, and costs in case the judgment is affirmed or the appeal dismissed, except that the bond of an executor or administrator shall be conditioned upon payment in due course of administration and that the bond of a guardian for a minor or a person under legal disability shall be conditioned on payment as the guardian has funds therefor.
 
 
 
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