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Under the Negotiable Instruments Act, 1881, the order of indorsements is presumed to be:

Section 118(e) presumes "that the indorsements appearing upon a negotiable instrument were made in the order in which they appear thereon". The presumption can be rebutted,…

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Under the Negotiable Instruments Act, 1881, the order of indorsements is presumed to be:

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Correct answer D

Section 118(e) presumes "that the indorsements appearing upon a negotiable instrument were made in the order in which they appear thereon". The presumption can be rebutted, but it does not rest on dates or on a bank's records.

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