An instrument that conforms in all other respects to the Bills of Exchange Act except that it reads "Pay to the bearer on demand $500 in gold bullion based on the London noon gold spot price on date of demand," would still not be either a bill of exchange or promissory note.
Correct Answer:
Verified
Q32: In the absence of defects, once certified,
Q33: Where a financial transaction involves bills of
Q34: Henry purchased an automobile from Iso Motors,
Q35: Generally speaking, all cheques are bills of
Q36: The maker of a bill of exchange
Q38: Where neither Smith nor Jones are mere
Q39: The Constitution assigns jurisdiction relating to the
Q40: Henry purchased an automobile from Iso Motors,
Q41: A single person cannot simultaneously be an
Q42: A holder in due course has much
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