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Which of the following are presumptions as to a negotiable instrument under section 118 of the…

Section 118 of the Negotiable Instruments Act, 1881 raises presumptions including that the instrument was made for consideration and that it bears the date on which it was…

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Which of the following are presumptions as to a negotiable instrument under section 118 of the Negotiable Instruments Act ? Answer using codes given below :

a. Presumption of contractual capacity
b. Presumption of consideration
c. Presumption of maturity of instrument
d. Presumption of date

Select one answer
Answer and explanation

Correct answer B

Section 118 of the Negotiable Instruments Act, 1881 raises presumptions including that the instrument was made for consideration and that it bears the date on which it was drawn. There is no presumption of contractual capacity or of maturity, so the answer is "only b and d".

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