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          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

          Provisions expressly mentioned in the judgment/order text.

          <h1>Presumption of consideration: negotiable instruments and holders presumed valid unless contrary evidence rebuts those presumptions.</h1> Section 118 presumes, until contrary proved, that negotiable instruments were made for consideration; that dated instruments were made on the date shown; that accepted bills were accepted within a reasonable time and before maturity; that transfers occurred before maturity; that endorsements appear in the order on the instrument; and that lost negotiable instruments were duly stamped. It further presumes the possessor to be a holder in due course, but places on the possessor the burden of proving holder-in-due-course status when the instrument was obtained from its lawful owner or custodian, or from maker or acceptor, by offence, fraud or unlawful consideration.

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