Answer-Which of the following is true about a bank draft?

Explanation 131A. Application of Chapter to drafts. The provisions of this Chapter shall apply to any draft, as defined in section 85A, as if the draft were a cheque.

Question

Which of the following is true about a bank

draft?

A It is a promissory note

B It is not a negotiable instrument

C It is very much like a cheque

D It is a bill of exchange

E It is neither a promissory note nor a bill of exchange

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Which of the following is true about a bank

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