Q25
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
AnswerC.
The first and second statements are correct
D.
None of the above
Answer: Option B
Solution
Answer: Option B
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