Instrument

Instrument Certain presumptions as briefly mentioned below: I. Every negotiable instrument is presumed to have been drawn, accepted etc. for consideration. II. A negotiable instrument is presumed to have been accepted. III. Every negotiable instrument bearing, a date is presumed to have been made or drawn on such a date. IV. It is presumed to have been accepted within a reasonable time after the date and before its maturity. V. The transfer of a negotiable instrument is presumed to have been made before maturity. VI. The endorsements appearing upon a negotiable instrument are presumed to have been made in the order to which they appear thereon. VII. When a negotiable instrument has been lost, it is presumed to have been duly stamped. VIII. The holder of a negotiable instrument is presumed to be a holder in due course. 12th Commerce Unit - - . . AM