Negotiable Instruments
Drawee of the bank draft is a
Bank on which the draft is drawn
Payee of draft
Sender of amount by draft
Bank which issues a draft
Bank on which the draft is drawn
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Who is called a drawee of chequeA. Bank
B. Payee
C. Customer
D. Endorsee
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
The bills of exchange which is paid after the expiry of fixed period of time called
A. Sight bill
B. All of the above
C. Accommodation bill
D. Time bill
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