{"id":34611,"date":"2024-04-15T09:33:17","date_gmt":"2024-04-15T09:33:17","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=34611"},"modified":"2024-04-15T09:33:17","modified_gmt":"2024-04-15T09:33:17","slug":"which-of-the-following-is-not-a-presumption-about-a-negotiable-instrument","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-not-a-presumption-about-a-negotiable-instrument\/","title":{"rendered":"Which of the following is not a presumption about a negotiable instrument?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Date&#8221; option2=&#8221;Consideration&#8221; option3=&#8221;Stamp&#8221; option4=&#8221;Absolute and good title to the transferee&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is C. Stamp.<\/p>\n<p>A negotiable instrument is a document that can be easily transferred from one person to another. It is a written promise to pay a certain amount of money to the bearer of the instrument. Negotiable instruments are often used in business transactions.<\/p>\n<p>There are certain presumptions about negotiable instruments. These presumptions are based on the law of negotiable instruments. The presumptions are as follows:<\/p>\n<ul>\n<li>The instrument is prima facie valid. This means that the instrument is presumed to be valid unless there is evidence to the contrary.<\/li>\n<li>The instrument is prima facie genuine. This means that the instrument is presumed to be genuine unless there is evidence to the contrary.<\/li>\n<li>The instrument is prima facie payable to the bearer. This means that the instrument is presumed to be payable to the person who has possession of the instrument.<\/li>\n<li>The instrument is prima facie not overdue. This means that the instrument is presumed to be not overdue unless there is evidence to the contrary.<\/li>\n<li>The instrument is prima facie not dishonored. This means that the instrument is presumed to have not been dishonored unless there is evidence to the contrary.<\/li>\n<\/ul>\n<p>The presumption about stamp is not one of the presumptions about negotiable instruments. This is because the stamp is not a necessary part of a negotiable instrument. A negotiable instrument can be valid even if it is not stamped.<\/p>\n<p>The other options, A, B, and D, are all presumptions about negotiable instruments.<\/p>\n<p>Option A, date, is a presumption about negotiable instruments. The date on a negotiable instrument is presumed to be the date on which the instrument was issued.<\/p>\n<p>Option B, consideration, is a presumption about negotiable instruments. Consideration is something of value that is given in exchange for a promise. The presumption is that there was consideration for the issuance of a negotiable instrument.<\/p>\n<p>Option D, absolute and good title to the transferee, is a presumption about negotiable instruments. The presumption is that the person who transfers a negotiable instrument has absolute and good title to the instrument.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Date&#8221; option2=&#8221;Consideration&#8221; option3=&#8221;Stamp&#8221; option4=&#8221;Absolute and good title to the transferee&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[704],"tags":[],"class_list":["post-34611","post","type-post","status-publish","format-standard","hentry","category-legal-aspects-of-business","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Which of the following is not a presumption about a negotiable instrument?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-is-not-a-presumption-about-a-negotiable-instrument\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which of the following is not a presumption about a negotiable instrument?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Date&#8221; 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