A cheque differs from a Bill of Exchange because :

CS CSEET · Business Laws and Management · PYQS · October 2026
A cheque differs from a Bill of Exchange because :
(A) It is always a time instrument
(B) It requires acceptance before payment
(C) It is always drawn on a banker and payable on demand
(D) It cannot be crossed

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) It is always drawn on a banker and payable on demand.

Topics: Negotiable Instruments Act, 1881

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