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
Q4: A share certificate may be a type
Q27: What is the difference between a demand
Q45: Sylvain attempted to draft a cheque in
Q46: Roxanna bought a stereo from Sound Electronics.She
Q47: On May 1,Emile bought a widget from
Q49: Fenna created a promissory note for $10
Q52: Bronwyn Hogg received a cheque.She endorsed in
Q54: Karinda sold a widget to Konrad.He paid
Q64: Which of the following represent types of
Q66: Miguel opened a chequing account at the