Negotiable Instruments
Bills of exchange is
A promise to pay
A request to pay
All of the above
An order to pay
An order to pay
Related posts
Who is called a drawee of chequeA. Bank
B. Payee
C. Customer
D. Endorsee
Drawee of the bank draft is a
A. Bank on which the draft is drawn
B. Payee of draft
C. Sender of amount by draft
D. Bank which issues a draft
The person in whose favour the rights of receiving the amount of cheque transferred
A. Endorsee
B. Endorser
C. All of the above
D. Payee
Cheque is a written order drawn on
A. Bank
B. Endorsee
C. Customer
D. All the above
Cheque signed by drawer without filling is called
A. Traverlle’s cheque
B. Bank
C. Plain
D. Open
If drawer of cheque is a payee himself then what word is written after the word pay
A. Bearer
B. Self
C. None of the above
D. Order
Crossing of cheque is cancelled by
A. Holder
B. Drawer
C. All of the above
D. Drawee
Leave a Reply