Which of the following statements correctly differentiate a Cheque from a Demand Draft?
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The drawer of a cheque is an individual account holder, while the drawer of a demand draft is normally a scheduled bank.
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Payment of a cheque is certain, whereas payment of a demand draft has no certainty.
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A cheque can be stopped by issuing an order, but no one can stop a demand draft.
1
Only 1 and 2
2
Only 1 and 3
3
Only 2 and 3
4
All 1, 2, and 3
5
None of the above