Which of the following is NOT a difference between a bill of exchange and a cheque?
A) A cheque may be payable at a determinable future time.
B) A cheque must be drawn on a financial institution.
C) A cheque can be crossed 'not negotiable.'
D) A cheque must be payable on demand.
Correct Answer:
Verified
Q4: A bill of exchange or cheque payable
Q5: What is the relationship between cheques and
Q6: Negotiability means that a person who takes
Q7: Both a cheque and a bill of
Q8: A bill of exchange is signed by
Q10: A bill of exchange is signed by
Q11: Which of the following statements is NOT
Q12: A bill of exchange is signed by
Q13: A bill of exchange is signed by
Q14: All negotiable instruments are transferable by negotiation.
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