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Section 24. Presumption of consideration - Negotiable Instruments Law

Section 24. Presumption of consideration of Negotiable Instruments Law. Section 24. Presumption of consideration.-Every negotiable instrument is deemed prima facie to have been issued for a valuable consideration; and

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Negotiable Instruments Law

Section 24. Presumption of consideration.-Every negotiable instrument is deemed prima facie to have been issued for a valuable consideration; and every person whose signature appears thereon to have become a party thereto for value.

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