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Under Section 138, the cheque must have been presented to the bank within:
ASix months
BThree months from the date it is drawn, or within its validity period, whichever is earlier
COne month of being drawn
DOne year
Answer & Solution
Correct answer: B. Three months from the date it is drawn, or within its validity period, whichever is earlier
The cheque must be presented within three months of being drawn (or its validity period, whichever is earlier) for Section 138 to apply.
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