Business Studies · Negotiable Instruments Principles
Match LIST-I with LIST-II: LIST-I (Concept / Importance Category) A. Presumption of Consideration B. Commercial Certainty C. Protecting Holders D. Preventing Unjust Denials LIST-II (Description / Legal Effect) I. Establishes that in the absence of evidence to the contrary, every negotiable instrument is assumed to have been issued for consideration. II. Enhances the negotiability of instruments by relying on legal presumptions to ensure predictability. III. Promotes the smooth flow of negotiable instruments by favoring legitimate holders. IV. Fosters fairness by applying estoppel principles to stop parties from unfairly denying previously asserted facts. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-II, B-I, C-III, D-IV
- 2A-IV, B-II, C-I, D-III
- 3A-I, B-III, C-II, D-IV
- 4A-I, B-II, C-III, D-IV✓
Correct answer
A-I, B-II, C-III, D-IV
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