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Bill of Exchange
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Bill of Exchange
In case of bill of exchange for obtaining the debt, legal action can be resorted by:
Drawer
Drawee
Banker
Endorse
Author:
rikazzz
Comment
Bill of Exchange
When a bill is accepted without any condition to the order of the drawer, it is called:
Qualified acceptance
General acceptance
Unqualified acceptance
None of above
Author:
rikazzz
Comment
Bill of Exchange
Refusal by the acceptor to make payment of the bill one the maturity date is called:
Retirement of the bill
Dishonor of the bill
Collection of the bill
Honor of the bill
Author:
rikazzz
Comment
Bill of Exchange
Accommodation bill are drawn accepted and endorsed:
Without any consideration
For some consideration
Half of consideration
None of above
Author:
rikazzz
Comment
Bill of Exchange
Retiring a bill under rebate means:
Making payment for the bill before the due date
Making payment for the bill before the due date
Dishonoring bill
None of above
Author:
rikazzz
Comment
Bill of Exchange
In case of dishonor, the notary public will charge a small fee from the holder, is known as:
Interest
Rebate
Noting charges
Discount
Author:
rikazzz
Comment
Bill of Exchange
The person to whom a bill addressed is the:
Debtor
Creditor
Holder
Agent
Author:
rikazzz
Comment
Bill of Exchange
When the bill is dishonored bill payable account is debited in the books of the :
Bank
Drawer
Drawee
Endorsee
Author:
rikazzz
Comment
Bill of Exchange
When a bill is dishonored, the holder of the bill goes to an official called:
Clerk
Notary public
Inspector
Agent
Author:
rikazzz
Comment
Bill of Exchange
Interest on renewal of a bill is a expense to the:
Drawer
Drawee
Endorsee
Seller
Author:
rikazzz
Comment
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