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Title: The difference between a cheque and draft is thata. the drawee on a cheque is a bank or financial ... Post by: bigcaat on Aug 24, 2017 The difference between a cheque and draft is that
a. the drawee on a cheque is a bank or financial institution, whereas the drawee of a draft may be a financial institution or bank. b. a cheque is a bill of exchange drawn against a bank that is payable on demand, whereas a draft is not payable on demand. c. a cheque is a bill of exchange drawn against a person that is payable on demand, whereas a draft is drawn against a financial institution. d. a cheque is not a negotiable instrument, whereas a draft is a negotiable instrument. e. a cheque is a bill of exchange, whereas a draft is not a bill of exchange. Title: Re: The difference between a cheque and draft is thata. the drawee on a cheque is a bank or ... Post by: Existence87 on Aug 24, 2017 Content hidden
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