Examveda

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

C. 1, 2, 3 and 4

D. 2, 3 and 4

Answer: Option B


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