Which of the following statement is incorrect ?

[A] A cheque is a bill of exchange, but every bill of exchange is not a cheque.

[B] A cheque is always payable on demand.

[C] A cheque is a conditional order from the drawer of a cheque to the drawee bank to make payment of money only.

[D] A post dated cheque cannot be considered as a valid cheque till the date of maturity.

Answer & Explanation
Answer: A cheque is a conditional order from the drawer of a cheque to the drawee bank to make payment of money only.

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