Module: | Negotiable Instruments & Basics
Q8: Which type of cheque is payable specifically to the payee named on the instrument or to a person to whom it has been endorsed?
✅ Correct Answer: B
An Order Cheque is payable to the payee or an endorsed person.
In contrast, a Bearer Cheque is payable to the presenter without requiring endorsement.
In contrast, a Bearer Cheque is payable to the presenter without requiring endorsement.