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Question
Kinds of Negotiable Instruments
A/An_____ is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.
Kinds of Negotiable Instruments
A/An_____ is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.
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Solution
The correct option is A Cheque
As defined under section 6 of the NI Act, 1881, 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.
As defined under section 6 of the NI Act, 1881, 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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