The presumptions under Section 118 of the Negotiable Instruments Act, 1881 do not include—
The "Presumption that holder of a cheque received the cheque for discharge of any debt or other liability." arises under s.139 NI Act, not s.118, whereas presumptions as to…
Choose your answer
The presumptions under Section 118 of the Negotiable Instruments Act, 1881 do not include—
Answer and explanation
Correct answer A
The "Presumption that holder of a cheque received the cheque for discharge of any debt or other liability." arises under s.139 NI Act, not s.118, whereas presumptions as to date, time of acceptance and order of indorsement are in s.118.
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