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A cheque made payable to “bearer”

A cheque made payable to “bearer”
  • A.
    Can be negotiated for cash by the drawer only
  • B.
    can only be paid into an account
  • C.
    can be negotiated for cash by any holder
  • D.
    is not regarded as a negotiable instrument
  • E.
    must be endorsed to another account for settlement
Correct Answer: Option C
Explanation