specified banker
specified person
special party
None of the above
Answer is Right!
Answer is Wrong!
The correct answer is: A. specified banker.
A cheque is a bill of exchange drawn on a specified banker and payable on demand. It is a written order to a banker to pay a certain sum of money to
a specified person or to the bearer.Option B is incorrect because a cheque is not drawn on a specified person. It is drawn on a banker.
Option C is incorrect because a cheque is not drawn on a special party. It is drawn on a banker.
Option D is incorrect because a cheque is a bill of exchange drawn on a specified banker.