Negotiable Instruments Act, 1881 S. 118 – Pronote – As per the Section 118 there is a presumption of consideration in the negotiable instrument [Section 118(a)] – Such presumption may be rebutted – However, no rebuttal evidence is led by the defendant – High Court has erred in allowing the second appeal and quashing and setting aside the decree passed by the learned Trial Court confirmed by the learned First Appellate Court.
NIA S. 118- Pronote – As per Section 118 there is a presumption of consideration in the negotiable instrument [SC]
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