Hakim drafted a negotiable instrument and delivered it to Omega Ltd in payment of a debt. Before Omega actually received a monetary benefit, the instrument was formally accepted by another party. The instrument may be
A) a cheque that was drawn on an overdrawn account.
B) a postdated cheque.
C) a cheque for which the drawee bank placed an appropriate amount into a suspense account.
D) a cheque or a promissory note.
E) a bill of exchange that is payable on demand.
Correct Answer:
Verified
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