Multiple Choice
The two classes of negotiable instruments are
A) sight drafts and time drafts.
B) promissory notes and cheques.
C) those governed by the Bills of Exchange Act and share certificates.
D) promissory notes and drafts.
E) those governed by the Bills of Exchange Act and those governed by other statutes and other laws.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The bank on which a cheque is
Q3: What is a bill of exchange?
Q5: The difference between a cheque and draft
Q6: A drawee is<br>A) the party who draws
Q8: A person who negotiates an instrument in
Q9: Delivery of a bill may be actual
Q11: Negotiable instruments are different from other contracts.Explain
Q11: Explain the concept of negotiability.
Q51: Presentment of a bill is necessary where
Q54: Explain the difference between negotiable instruments and