Question

Under section 139 of the Negotiable Instruments Act, 1881, it shall be presumed, unless the contrary is proved, that the holder of a cheque received the cheque:

A For the discharge, in whole or in part, of any debt or other liability
B By way of exchange for another cheque drawn by the drawer of equal value
C In respect of a loan advanced by the drawer without any interest being payable
D As a gift made by the drawer in favour of the holder of the cheque
E For consideration that had already failed at the time the cheque was drawn
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