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Read the following statements (1) There is a rebuttable presumption that...

This question belongs to Law Negotiable Instruments Act
Negotiable Instruments Act
?

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:

Answer & Solution
Correct Answer: Option B
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