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