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Commerce · Q407

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 407

Q407

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
Answer
C.
at its maturity
D.
none of the above

Answer: Option B

Solution

Answer: Option B
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