Under the Negotiable Instruments Act, 1881, the holder of a cheque is presumed to have received the…
Section 139 presumes that the holder received the cheque "for the discharge, in whole or in part, of any debt or other liability". The drawer may rebut this, but until he…
Choose your answer
Under the Negotiable Instruments Act, 1881, the holder of a cheque is presumed to have received the cheque for:
Answer and explanation
Correct answer B
Section 139 presumes that the holder received the cheque "for the discharge, in whole or in part, of any debt or other liability". The drawer may rebut this, but until he does the court will not treat the cheque as a gift, a donation or one handed over for safe custody.
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