Home » Commerce » A cheque is not a legal tender because it is

A cheque is not a legal tender because it is

A cheque is not a legal tender because it is
  • A.
    not mandatory to a creditor to accept it
  • B.
    not negotiable
  • C.
    transferable
  • D.
    only a representation of money
  • E.
    should be paid into a bank account
Correct Answer: Option A
Explanation