A post dated cheque is only a when it is written or drawn it becomes a cheque when it is payable on ...........

Negotiable instrument Act Dishonour of Cheque

A post dated cheque is only a --------------- when it is written or drawn, it becomes a cheque when it is payable on demand.

Promissory Note

Bill of Exchange

Draft

None of the above

- A post dated cheque, when written or drawn, does not immediately act as a cheque since it cannot be paid on demand until the date arrives.

- At the time of issue, it is not a cheque but takes the character of a Bill of Exchange until its date makes it payable on demand.

- Option 1, Promissory Note, is a written promise to pay and is different from a cheque.

- Option 3, Draft, is a broader term that can mean a bill of exchange, but specifically in this context, it refers to a bill of exchange.

- Option 2: Bill of Exchange is the correct answer.

- None of the above would not be correct, as option 2 fits the context.

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