If a cheque is refused by the State Bank of India (SBI) due to inadequacy of funds for the cheque to clear, then it is said to be
A) Bounced cheque
B) Cancelled cheque
C) Either a or b
D) Both a and b
Correct Answer:
Verified
Q2: If the words "not negotiable" are used
Q3: Crossing of a cheque effects the
A)Negotiability of
Q4: Notice of dishonour must be given
A)To the
Q5: Presentation is required for
A)Acceptance
B)Sight
C)Payment
D)Any of the above
Q6: A minor cannot be a_ of the
Q7: Presentment of an acceptance is required in
Q8: A drawee is need to be given
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