Multiple Choice
Many retail businesses have taken steps to minimize the risks associated with negotiable instruments.These steps include
A) not presenting any instrument for payment.
B) not accepting accommodation bills.
C) acting as a factor.
D) not accepting cheques or bills of exchange as payment for goods.
E) signing all drafts without recourse.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: Briefly identify the loophole closed by the
Q32: Jack writes a note for Mary.The note
Q33: On a piece of paper,A writes a
Q34: Explain how time drafts can be used
Q35: The Bills of Exchange Act governs which
Q37: The formal requirements of negotiable instruments include
Q38: Which of the following defences is available
Q39: A demand draft is<br>A)a bill of exchange
Q40: Use the fact situation above to answer
Q41: On the death of a maker or