Multiple Choice
Hakim drafted a negotiable instrument and delivered it to Omega Ltd in payment of a debt.Before Omega actually received a monetary benefit, the instrument was formally accepted by another party.The instrument may be
A) a postdated cheque.
B) a cheque or a promissory note.
C) a cheque that was drawn on an overdrawn account.
D) a cheque for which the drawee bank placed an appropriate amount into a suspense account.
E) a bill of exchange that is payable on demand.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: Bamidele drafted a negotiable instrument and delivered
Q8: A document may be a negotiable instrument
Q9: Ranjit currently has possession of a cheque
Q10: Identify two types of endorsements that may
Q11: Wendell bought a widget from Sharon and
Q13: Jordan bought a widget from Sara.He paid
Q14: Martina bought a necklace from Roland.The price
Q15: Which of the following statements is TRUE
Q16: Which of the following are most likely
Q17: Which of the following defences may be