Section 29: Presumption of value and good faith
consolidated text (as at 2011, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
29. Presumption of value and good faith
(1) Every party whose signature appears on a bill is prima facie deemed
to have become a party to it for value.
(2) Every holder of a bill is prima 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.