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
Q5: A time draft is
A) a bill of
Q6: A demand draft is
A) a bill of
Q7: Which of the following is not a
Q8: There are three types of bills of
Q9: A sight draft is
A) a bill of
Q11: Liability of the drawer, acceptor, or maker
Q12: A payee is
A) the party who is
Q13: The difference between a cheque and draft
Q14: Which of the following defences is available
Q15: A drawer is
A) the party who is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents