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Under the Negotiable Instruments Act, 1881, if the instrument was obtained by fraud or offence, the…

Under the proviso to s.118, once it is shown the instrument was obtained from its lawful owner by fraud or an offence, the burden shifts to the holder to prove he is a…

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Under the Negotiable Instruments Act, 1881, if the instrument was obtained by fraud or offence, the burden of proving holder in due course lies on:

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Correct answer B

Under the proviso to s.118, once it is shown the instrument was obtained from its lawful owner by fraud or an offence, the burden shifts to the holder to prove he is a holder in due course, not to the court, bank, or drawer.

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