Which is not a rebuttable presumption under section 118 of the Negotiable Instruments Act, 1881?
Section 118(d) presumes transfer before maturity until the contrary is proved. Section 118 also supplies the listed presumptions about consideration, the order of…
Choose your answer
Which is not a rebuttable presumption under section 118 of the Negotiable Instruments Act, 1881?
Answer and explanation
Correct answer B
Section 118(d) presumes transfer before maturity until the contrary is proved. Section 118 also supplies the listed presumptions about consideration, the order of indorsements and due stamping of a lost promissory note.
Option feedback
Option A
Section 118(a) presumes consideration for the transfer.
Option B
Section 118(d) presumes transfer before maturity.
Option C
Section 118(e) presumes the order of indorsements follows their appearance on the instrument.
Option D
Section 118(f) presumes that a lost promissory note was duly stamped.
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