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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 given below:<br>(1) Presumption of contractual capacity<br>(2) Presumption of consideration<br>(3) Presumption of maturity of instrument<br>(4) Presumption of date
A
Only (1) and (3)
B
Only (2) and (4)
C
Only (1) and (4)
D
Only (1) and (2)
Correct Answer:
Only (2) and (4)
As per Section 118 of the Negotiable Instruments Act, presumption in regard to the date of a negotiable instrument is that every negotiable instrument bearing a date was made or drawn:
A
On such date
B
Prior to that date
C
May be on or prior to such date
D
None of the above
The presumption as to the date of a negotiable instrument under section 118 is that, every negotiable instrument bearing a date was made or drawn
A
Prior to that date
B
On such date
C
May be on or prior to that date
D
None of the above
The different variant of Date() constructor to create date object is/are ___________ i. new Date(date) ii. new Date(milliseconds) iii. new Date(date string) iv. new Date(year, month, date)
A
) ] i, ii and iii only
B
hour, minute, second, millisecond
C
hour, minute, second, millisecond
D
hour, minute, second, millisecond
Under section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made
A
After its maturity
B
Before its maturity
C
At its maturity
D
None of the above
Under section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made:
A
after its maturity
B
before its maturity
C
at its maturity
D
none of the above
Under section 118 of the Negotiable Instruments Act, the onus of proving absence of consideration in the execution of a negotiable instrument is on the
A
Indorser (Zohra Jan v. Rajan Bibi, 28 IC 402)
B
Executant (Zohra Jan v. Rajan Bibi, 28 IC 402)
C
Drawee (R. S. Rajeswara Sethupathi v. Chidambaram Chettiar, AIR 1938 PC 123)
D
None of the above
Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R). Read the statements and choose the correct answer using the given below.
Assertion (A): A 'negotiable instrument' means a promissory note, bill of exchange or cheque payable either to order or to bearer.
Reason (R): Because it is said so under Section 13 of the Negotiable Instruments Act, 1881.
A
Both (A) and (R) are correct and (R) is the correct explanation of (A)
B
(A) is false, but (R) is true
C
Both (A) and (R) are false
D
(A) is true, but (R) is false
Under Section 23 of Negotiable Instruments Act, a promissory note or bill of exchange, dated 31
st
August, 2018 is made payable three months after date. The instrument is at maturity of the . . . . . . . . ?
A
30<sup>th</sup> November, 2018
B
31<sup>st</sup> November, 2018
C
1<sup>st</sup> December, 2018
D
3<sup>rd</sup> December, 2018
Propositions under Evidence Act are
1. Presumptions of facts are always rebuttable
2. Presumption of facts can be either rebuttable or irrebuttable
3. Presumption of law are always irrebuttable
4. Presumption of law can be either rebuttable or irrebuttable.
Which is true of the aforesaid propositions
A
1 and 3 are correct but 2 and 4 are incorrect
B
1 and 4 are correct but 2 and 3 are incorrect
C
2 and 3 are correct but 1 and 4 are incorrect
D
2 and 4 are correct but 1 and 3 are incorrect
Which of the following presumption is prescribed under section 118 Negotiable Instruments Act?
A
Of consideration
B
As to date
C
As to time of acceptance
D
All of these