Negotiable Instruments
Retirement of bill means
Protesting of bill
Payment of bill before due date
Dishonouring of bill due to non-acceptance
Dishonouring of bill due to non-payment
Payment of bill before due date
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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
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