Which one of the following sections provides "presumption in favour of holder" under the Negotiable…
Section 139 of the Negotiable Instruments Act, 1881, raises a presumption in favour of the holder of a cheque that it was received for discharge, in whole or in part, of a…
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Which one of the following sections provides "presumption in favour of holder" under the Negotiable Instruments Act?
Answer and explanation
Correct answer B
Section 139 of the Negotiable Instruments Act, 1881, raises a presumption in favour of the holder of a cheque that it was received for discharge, in whole or in part, of a debt or liability, unlike sections 138, 140 or 141.
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