Multiple choice

What is/are the presumption(s) under Section 137 of the Negotiable Instruments Act 1881?

  1. A negotiable instrument drawn in a foreign country is genuine.

  2. The law of any foreign country regarding promissory notes, bills of exchange and cheque is same as that of India.

  3. Both (1) and (2)

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The presumption under section 137 of the Negotiable Instruments Act, 1881 is the law of any foreign  country regarding promissory notes, bills of exchange and cheque is same as that of India.

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