Multiple choice

Which of the following instruments is not a negotiable instrument?

  1. Bearer cheque

  2. Promissory note

  3. Bill of exchange

  4. Crossed cheque

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

 Crossed cheque is not a negotialble instrument. A crossed cheque is maked to specify an instruction about the way it is to be redeemed and it cannot be negotiated.