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      Question

      Under Section 138, after receiving the demand notice,

      the drawer must make payment within:
      A Seven days of receipt of the notice Correct Answer Incorrect Answer
      B Ten days of receipt of the notice Correct Answer Incorrect Answer
      C Fifteen days of receipt of the notice Correct Answer Incorrect Answer
      D Thirty days of receipt of the notice Correct Answer Incorrect Answer
      E Forty-five days of receipt of the notice Correct Answer Incorrect Answer

      Solution

      Proviso (c) to Section 138 provides that the drawer of the cheque must make payment of the amount to the payee or holder in due course within fifteen days of the receipt of the demand notice. The cause of action to file a complaint arises only when the drawer fails to pay within these fifteen days. This fifteen-day window is a frequently tested numeric detail in banking examinations.

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