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A cheque is a bill of exchange drawn on a specified:
ABearer
BBuilder
CBanker
DBroker
Answer & Solution
Correct answer: C. Banker
1. It is never expressed as payable otherwise than on demand.
2. It must name the institution that will pay.
3. That institution is a specified banker.
_Source: The Negotiable Instruments Act, 1881 (India Code)_
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