What Is the Relationship Between Cheques and Bills of Exchange

question 42

Multiple Choice

What is the relationship between cheques and bills of exchange?

• A) Cheques and bills of exchange are both types of payment order.
• B) A cheque and a bill of exchange are the same thing.
• C) A bill of exchange is a type of cheque.
• D) A cheque is a type of bill of exchange.

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Definitions:

Statutory Interpretation

The process by which courts determine the meaning of legislation and apply it to specific cases.

Stare Decisis

The legal principle of determining points in litigation according to precedent, ensuring consistency and predictability in the law.

Doctrine

A principle or body of principles presented for acceptance or belief, as by a religious, philosophical, political, scientific, or legal system.

Legal Realists

A group of scholars who argue that law is not a set of abstract rules but is influenced by social and political factors.