Which of the following statements is not true in relation to bearer cheques?
A) If cheques are not order cheques they are bearer cheques.
B) They are negotiated by delivery to a third party.
C) They are negotiated by 'indorsement and delivery'.
D) A cheque that states 'Pay Metropolitan Insurance Pty Ltd or bearer' must be a bearer cheque.
Correct Answer:
Verified
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