law: Negotiable Instruments Act, 1881 
  9. "Holder in due course"
  "Holder in due course" means any person who for
  
  consideration became the possessor of a promissory note, bill of exchange or
  
  cheque if payable to bearer, or the payee or endorsee thereof, if 9[payable to
  
  order], before the amount mentioned in it became payable, and without having
  
  sufficient cause to believe that any defect existed in the title of the person
  
  from whom he derived his title.