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BILLS OF EXCHANGE ACT 1882 - SECT 30

Presumption of value and good faith.

30.(1) Every party whose signature appears on a bill is prima8 facie deemed to
have become a party thereto for value.

(2) Every holder of a bill is prima8 facie deemed to be a holder in due
course; but if in an action on a bill it is admitted or proved that the
acceptance, issue, or subsequent negotiation of the bill is affected with
fraud, duress, or force and fear, or illegality, the burden of proof is
shifted, unless and until the holder proves that, subsequent to the alleged
fraud or illegality, value has in good faith been given for the bill.

Negotiation of bill.

© 1882 Crown Copyright

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