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Which of the following statements are true in context of a...

This question belongs to Commerce Legal Aspects Of Business
Legal Aspects of Business
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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.

Answer & Solution
Correct Answer: Option B
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