A Demand Draft Is

Multiple Choice

A demand draft is

A) a bill of exchange that is payable within a stipulated period,after presentation.
B) a bill of exchange on which the expression demand draft is written.
C) a bill of exchange that is payable within a stipulated period,after the date stated on the instrument.
D) a bill of exchange that is payable immediately upon presentation without any days of grace.
E) a bill of exchange that is payable at sight.