PRESUMPTIONS AS TO NEGOTIABLE INSTRUMENT {sec 118}

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1. CONSIDERATION:-Every negotiable instrument was made,      accepted, endorsed or drawn for consideration

2. DATE: – every negotiable instrument bearing a date was   made or drawn on that date.

3. Time of acceptance: – every bill of exchange was accepted within a reasonable time after the date mentioned on it but before of its maturity.

4. Time of transfer:- every transfer of negotiable instrument was made before its maturity.

5. STAMP:-lost promissory note, bill of exchange or cheque was duly stamped.

6. HDC: – that the holder of N/I is a HDC.

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