What is the subject of section 118 of the Negotiable Instruments Act, 1881?
Section 118 sets out general presumptions as to negotiable instruments. The Act treats proof of protest in section 119, foreign law in section 137 and the cheque-holder…
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What is the subject of section 118 of the Negotiable Instruments Act, 1881?
Answer and explanation
Correct answer C
Section 118 sets out general presumptions as to negotiable instruments. The Act treats proof of protest in section 119, foreign law in section 137 and the cheque-holder presumption in section 139.
Option feedback
Option A
The foreign-law presumption is in section 137.
Option B
The specific presumption in favour of a cheque holder is in section 139.
Option C
Section 118 sets out presumptions relating to negotiable instruments, including as to consideration.
Option D
The presumption of dishonour on proof of protest is in section 119.
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