What is the name of a bill of exchange that is issued by a trading bank and guarantees payment of a specified amount to the holder at a guaranteed time?
A) A trade bill.
B) A finance bill.
C) A bank bill.
D) An IOU bill.
Correct Answer:
Verified
Q3: The words "not negotiable" on a cheque
Q4: When customers of a financial institution draw
Q5: The nemo dat rule states that:
A)you can
Q6: The words 'not negotiable' on a cheque
Q7: Cheque account holders owe common law duties
Q9: Which of the following statements is not
Q10: In Commonwealth Trading Bank of Australia v
Q11: Which of the following statements is not
Q12: Margaret's husband Phil forged her signature on
Q13: Daniela found Jessica's handbag in the street.There
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