Alpha Corp Appears to Be the Named Payee of a Cheque

Alpha Corp appears to be the named payee of a cheque drawn by Ultimate Inc.Ultimate, however, insists that that piece of paper cannot possibly be treated as a valid cheque under the Bills of Exchange Act.That is TRUE if

A) the instrument was certified before being delivered.
B) the instrument had been materially altered after being drafted.
C) the instrument is drawn on Lester, who is the major shareholder of ultimate.
D) payment is to be made from an overdrawn account.
E) the instrument is postdated.