Complete study guide with 7 practice questions, detailed explanations, and expert solutions for Presumptions in CA Foundation Business Laws.
Free study material for CA Foundation Business Laws — The Negotiable Instruments Act, 1881
Presumptions (Section 119): Instrument presumed complete/regular if appears so; presumed handed over; presumed for consideration. Burden of proof: Person alleging defect must prove it. Signature presumption: Presumed genuine; challenger must prove otherwise. For accountants, understanding presumptions affects cheque disputes and collection procedures.
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