PrincipleCOMMERCIAL LAW — Bank Drafts — Consideration — Presumption of Value — Rebuttal
- Area of law
- COMMERCIAL LAW
- Court
- Supreme Court
The presumption of value under the Bills of Exchange Act is rebuttable. The principle applies to negotiable instruments. The burden shifts to the party challenging value. The rule protects the integrity of instruments. Once rebutted, the presumption no longer applies. The principle is well-established.
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