Under Section 118 of the Negotiable Instruments Act,1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made
After its maturity
Before its maturity
As its maturity
None of the above
Answer: Option B.
As per section 147 of the Negotiable Instruments Act,1881, every offence punishable under the Act are:
Compoundable
Non-compoundable
Cognizable
Both (b) and(c) above
Answer: Option A.
Cognizance of an offence under section 138 can be taken by a court only on a/an
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