Examveda

Read the following statements:
(1) There is a rebuttable presumption that a cheque bearing a date was made or drawn on such date.
(2) It cannot be presumed that the holder of a cheque is a holder in due course.
(3) There is an irrebuttable presumption that the cheque was made or drawn for consideration.
Select the correct answer:

A. All three above statements are correct

B. Only first statement is correct

C. The first and second statements are correct

D. None of the above

Answer: Option B


This Question Belongs to Law >> Negotiable Instruments Act

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