Which pair of presumptions applies under section 118 of the Negotiable Instruments Act, 1881 to a dated…
Section 118(a) presumes that every negotiable instrument was made or drawn for consideration. Section 118(b) presumes that a dated negotiable instrument was made or drawn on…
Choose your answer
Which pair of presumptions applies under section 118 of the Negotiable Instruments Act, 1881 to a dated negotiable instrument, unless the contrary is proved?
Answer and explanation
Correct answer A
Section 118(a) presumes that every negotiable instrument was made or drawn for consideration.
Section 118(b) presumes that a dated negotiable instrument was made or drawn on its stated date. Both presumptions can be rebutted.
Option feedback
Option A
Sections 118(a) and 118(b) presume consideration and the stated date.
Option B
The date presumption is correct, but section 118(a) presumes consideration.
Option C
The consideration presumption is correct, but section 118(b) presumes the stated date.
Option D
This reverses both presumptions.
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