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Commerce · Q743

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 743

Q743

Which of the following statements are true in context of a cheque? 1. Cheque is a special kind of Bill of Exchange. 2. Cheque is always payable on demand. 3. Validity of Cheque is 6 months. 4. Cheque doesn't require any stamping.

A.
1, 2 and 3
B.
1, 2 and 4
Answer
C.
1, 2, 3 and 4
D.
2, 3 and 4

Answer: Option B

Solution

Answer: Option B
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