Question

Which of the presumption in not
applicable in case of negotiable
instrument is not presumed
o
date is correct
O
signature is correct
O amount is correct
O law is correct​

Answer 1

Answer:

A “promissory note” is an instrument in writing (not being a bank-note or a ... Liability of legal representative signing. ... reserve his right to charge the other parties, and in such case they are not discharged.

Answer 2

Answer:

Date is correct is not applicable in case of the negotiable instrument is not presumed.

Explanation:

Date is correct

• Time of transfer: It is assumed that every transfer of a negotiable instrument was made before its maturity unless the contrary can be proven. However, it is also clear that there is no assumption made on the precise date of the negotiation.

Signature is correct

• Examples of negotiable instruments include checks, draughts, bearer bonds, some certificates of deposit, promissory notes, and other written contracts having advantages that can be transferred from the original holder to a new holder.
• Orders or payments made unconditionally are considered negotiable instruments.

Amount is correct

• Alternately stated, legal contracts that ensure payment to the assignee or another specific person are known as negotiable instruments.

Law is correct​

• These transferable documents contain an agreement to give the bearer or holder the specified sum upon request or at any later time.

Final answer:

As a result, although the specified sum may be paid on a future date, negotiable instruments are unconditional and do not depend on a future date.

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