Start learning →

A cheque, under the Negotiable Instruments Act, is payable:

AAfter thirty days
BAfter acceptance
CAfter three days
DOn demand only
Answer & Solution
Correct answer: D. On demand only
A cheque cannot be expressed to be payable otherwise than on demand.
Practise this question with Quill — CA Foundation →

Keep practising Bills of Exchange and Promissory Notes

Browse all Bills of Exchange and Promissory Notes questions for CA Foundation, or explore more Accounting topics.

Start a Bills of Exchange and Promissory Notes lesson →
Related questions