Q231
Statement I A cheque is an unconditional order to a specified banker to pay the sum mentioned in the cheque. Statement II A cheque can be drawn only by a person who has his account with bank while a bill can be drawn by any person. Statement III A cheque may be crossed but a bill of exchange can not be crossed. Which of the following statement(s) is/are true?
A.
Only Statement I is true
B.
Only Statement III is true
C.
Both statements II and III are true
D.
All statements are true
AnswerAnswer: Option D
Solution
Answer: Option D
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