Claire gave a cheque for $5000 to Antonio. Which of the following statements is TRUE?
A) Antonio is entitled to receive $5000 from Claire even if he did not provide any consideration in exchange for her cheque.
B) Claire has created a special type of bill of exchange that is drawn upon a bank.
C) Antonio has acquired rights that can be enforced directly against the drawee.
D) Claire has created a special type of promissory note that is drawn upon a bank.
E) Antonio will acquire rights against Claire only if her cheque is accepted by the drawee.
Correct Answer:
Verified
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