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Under Section 85A of the Negotiable Instruments Act, 1881, the draft must be payable:

Under s.85A of the Negotiable Instruments Act, 1881, the inter-branch draft must be payable to order, not to bearer, government, or a bank manager, so that its endorsement…

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Under Section 85A of the Negotiable Instruments Act, 1881, the draft must be payable:

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Correct answer A

Under s.85A of the Negotiable Instruments Act, 1881, the inter-branch draft must be payable to order, not to bearer, government, or a bank manager, so that its endorsement can attract the same protection as an order cheque.

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