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

Consideration and the date borne by an instrument are expressly covered by section 118. The provision does not establish a general presumption of contractual capacity or of…

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Which of the following are presumptions as to negotiable instruments under section 118 of the Negotiable Instruments Act, 1881?
1) Presumption of contractual capacity
2) Presumption of consideration
3) Presumption of maturity of the instrument
4) Presumption as to date

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Answer and explanation

Correct answer B

Consideration and the date borne by an instrument are expressly covered by section 118. The provision does not establish a general presumption of contractual capacity or of the instrument’s maturity; its time-related presumptions concern acceptance and transfer.

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