Multiple choice

A bearer cheque is issued by one Mr. Ashok in favour of Aman, but he forgets to hand over the cheque to Aman. Aman however, picks up the cheque in his absence from his table.

Whether the negotiation has taken place?

  1. No, endorsement is also needed

  2. No, delivery is also needed

  3. No, endorsement and delivery both required

  4. Yes, the cheque is drawn in his favour

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

(2) Delivery of the cheque is foremost requirement. Delivery is also needed