Multiple Choice
If an instrument may be construed either as a promissory note or bill of exchange, it is
A) A valid instrument
B) An ambiguous instrument
C) A returnable instrument
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: When an endorser willing to transfer to
Q2: Maximum number of members in case of
Q3: Cheque is a<br>A)Promissory note<br>B)Bill of exchange<br>C)Both (a)
Q4: Which company shares can be freely transferable?<br>A)Private
Q6: The liability of members if company is
Q7: The liability of members if company is
Q8: The term 'negotiation' in section 14 of
Q9: A bill of exchange contains a/an<br>A)Unconditional undertaking<br>B)Unconditional
Q10: Ultra vires means<br>A)Beyond the powers<br>B)Within the powers<br>C)Both<br>D)None
Q11: The undertaking contained in a promissory note,