Hakim Drafted a Negotiable Instrument and Delivered It to Omega

question 12

Multiple Choice

Hakim drafted a negotiable instrument and delivered it to Omega Ltd in payment of a debt.Before Omega actually received a monetary benefit, the instrument was formally accepted by another party.The instrument may be

• A)a postdated cheque.
• B)a cheque or a promissory note.
• C)a cheque that was drawn on an overdrawn account.
• D)a cheque for which the drawee bank placed an appropriate amount into a suspense account.
• E)a bill of exchange that is payable on demand.

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