Which of the following instruments is not a negotiable instrument?
A. Bearer cheque
B. Promissory note
C. Crossed cheque
D. Bills of exchange
Answer: Option C
Solution(By Examveda Team)
Crossed cheque is not a negotiable instrument. A cheque is a negotiable instrument. It can either be open or crossed. While a crossed cheque is not payable over the counter but shall be collected only through a banker. The amount payable for the crossed cheque is transferred to the bank account of the payee.This Question Belongs to Commerce >> Accounting
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