Section 118 of the N.I. Act deals with the presumptions as to negotiable instruments until the contrary…

as to stamps - that a lost promissory note, Bill of exchange or cheque was not duly stamped.

as to date - that every negotiable instrument bearing a date was made or drawn on such date.

as to time of acceptance - that every accepted Bill of exchange was accepted within a reasonable time after its date and before its maturity.

as to time of transfer - that every transfer of negotiable instrument was made before its maturity.