- 20 Marks
EOB – APR 2023 – L1 – Q6 – Differences Between Cheque and Bill of Exchange, Cheque Definition, Bearer Cheques
Five differences between cheque and bill of exchange; define cheque and difference from payment order; three instances of bearer cheques.
Question
a. State any five differences between a cheque and a bill of exchange. (10 marks)
b. Define a cheque and state the difference between a cheque and a payment order. (4 marks)
c. State any three instances when a cheque is said to be payable to a bearer. (6 marks)
(Total: 20 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Bearer Cheque, Cheque Definition, Cheque vs bill of exchange, payment order
- Level: Level 1
- Topic: Bankers and Customers Relationship
- Series: APR 2023
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