Section 139 of the Negotiable Instruments Act deals with:
Section 139 provides that "it shall be presumed, unless the contrary is proved, that the holder of a cheque received the cheque" for the discharge of a debt or other…
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Section 139 of the Negotiable Instruments Act deals with:
Answer and explanation
Correct answer A
Section 139 provides that "it shall be presumed, unless the contrary is proved, that the holder of a cheque received the cheque" for the discharge of a debt or other liability. The presumption of dishonour from a bank's slip or memo is a different presumption, under section 146, and the barred defence is in section 140.
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