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(a) Rights of the holder:
(i) To sue on the bill in his own name.
(ii) To hold the bill free from any defects of title of the prior parties.
(iii) To negotiate the bill.
(b) Duties of a holder
(i) It is the duty of the drawer to present the bill to the drawee for acceptance.
(ii) It is the duty of the payee to present the bill to the acceptor for payment.
maurice.mutuku answered the question on May 1, 2018 at 09:54
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