Under section 9 of the Negotiable Instruments Act, 1881, which of the following correctly states the conditions for a person to be a 'holder in due course' of an instrument payable to order?

Section 9 of the Negotiable Instruments Act, 1881 defines a holder in due course as 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 indorsee thereof, if payable to order, before the amount mentioned in it became payable, and without sufficient cause to believe that any defect existed in the title of the person from whom he derived his title. Consideration, acquisition before maturity, good faith and absence of notice of a defective title are cumulative requirements. A person who takes the instrument after dishonour or after maturity, or without consideration, cannot claim the privileges of a holder in due course, while an ordinary holder under section 8 enjoys no such shield.