The Negotiable Instruments Act, 1881 provides for making which of the following presumptions as a…
Section 118(f) of the Negotiable Instruments Act, 1881 presumes, until the contrary is proved, "that a lost promissory note, bill of exchange or cheque was duly stamped".…
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The Negotiable Instruments Act, 1881 provides for making which of the following presumptions as a special rule of evidence, until the contrary is proved?
Answer and explanation
Correct answer C
Section 118(f) of the Negotiable Instruments Act, 1881 presumes, until the contrary is proved, "that a lost promissory note, bill of exchange or cheque was duly stamped".
The other statements reverse the actual presumptions: section 118(b) presumes that an instrument bearing a date was made or drawn on that date, and section 118(d) presumes that a transfer was made before maturity.
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