Question

As per the Negotiable Instruments Act a Cheques is a _____________

A Hundai Correct Answer Incorrect Answer
B Promissory Note Correct Answer Incorrect Answer
C Bill of Exchange Correct Answer Incorrect Answer
D Both b & c Correct Answer Incorrect Answer

Solution

Section 6.   ''Cheque''- A cheque is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form.

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