Description : Presentment of an acceptance is required in case of A. Every Bill of exchange B. Every Bill of exchange payable after sight C. Every promissory note D. Every cheque
Last Answer : C. Every promissory note
Description : Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi
Last Answer : B. A bill of exchange
Description : To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.
Last Answer : A. Holder of the instrument
Description : The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the ... the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above
Last Answer : A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof
Description : A promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity A. On the 30th day after the day on which it is expressed to be ... expressed to be payable D. On the 4th day after the day on which it is expressed to be payable.
Last Answer : D. On the 4th day after the day on which it is expressed to be payable.
Description : If an instrument may be construed either as a promissory note or bill of exchange, it is A. A valid instrument B. An ambiguous instrument C. A returnable instrument D. None of the above.
Last Answer : A valid instrument
Description : The section 4 of the Negotiable Instruments Act, 1881 deals with ________ A. Cheque B. Bills of Exchange C. Promissory Note D. All of the Above E. None of the Above
Last Answer : C. Promissory Note Explanation: The section 4 of the Negotiable Instruments Act, 1881 deals with Promissory Note.
Description : In a promissory note, the amount of money payable A. Must be certain B. May be certain or uncertain C. Is usually uncertain D. None of the above.
Last Answer : A. Must be certain
Description : What are credit promissory bill of exchange of letter credit?
Last Answer : What is the answer ?
Description : Crossing of a cheque effect the A. Negotiability of the cheque B. Mode of payment on the cheque C. Both (a) and (b) D. None of the above
Last Answer : C. Both (a) and (b)
Description : A bill of exchange contains a/an A. Unconditional undertaking B. Unconditional order C. Conditional undertaking D. Conditional order.
Last Answer : A. Unconditional undertaking
Description : For the purpose of attracting the provisions of section 138 of the Negotiable Instruments Act, 1881, a cheque has to be presented to the bank A. Within a period of six months B. Within a period of six ... . Within a period of 15 days from the date on which it is drawn D. None of the above.
Last Answer : B. Within a period of six months from the date on which it is drawn or within the period of its validity, whichever is earlier
Description : Who among the following cannot cross a cheque? A. Drawer B. Holder C. Banker D. Foreigner.
Last Answer : B. Holder
Description : If the words "not negotiable" are used with special crossing in a cheque, the cheque is A. Not transferable B. Transferable C. Negotiable under certain circumstances D. None of the above
Last Answer : B. Transferable
Description : When a cheque bears across its face an addition of the name of a banker, either with or without the words not negotiable, the cheque is considered to have been crossed A. Specially B. Generally C. Normally D. Either a or b or c
Last Answer : A. Specially
Description : Real estate question. Can a person be on the promissory note and not on the deed of trust?
Last Answer : Yes, anytime one person co-signs for someone else, they are on the promise to pay. They don't have to have any ownership in the property (real estate as well as auto). This is usually done ... who signs off a quit-claim deed in the mistaken belief that gets them out of responsibility for the debt.
Description : Why is a rose-bud like a promissory note? -Riddles
Last Answer : It matures by falling dew.
Description : promissory note example
Last Answer : See here > http://www.usattorneylegalservices.com/promissory-note.html
Description : Promissory Note Due on Demand?
Last Answer : Get StartedThe Due on Demand Promissory Note is a document that specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party borrowing ... "on demand," meaning it must be paid immediately by the Borrower upon request by the Lender.
Description : Promissory Note Due on a Specific Date?
Last Answer : Get StartedThe Due on a Specific Date Promissory Note is a document that specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party ... Specific Date Promissory Note must be repaid by the Borrower to the Lender on a specified due date.
Description : Promissory Note - Due on Demand (Personal)?
Last Answer : Get StartedA Due on Demand Promissory Note specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" and the party borrowing the loan funds is the ... Note is payable "on demand." In other words, payable immediately at the request of the Lender.
Description : Promissory Note with Balloon Payments?
Last Answer : Get StartedA Balloon Payment Promissory Note is a written document that specifies the terms, rights, and obligations that apply to a loan. The party making the loan is the "Lender" ... be used to enter the basic financial information.A Balloon Payment Promissory Note gives Borrowers an opportunity
Description : Promissory Note Default Notice?
Last Answer : Promissory Note Default Notice(Download)____________________________________________________________________________________________________________________Re: Promissory note dated _______________Amount due as of this date: $ _______Dated: ... for full payment of the entire balance due on said
Description : Promissory Note Assignment?
Last Answer : Promissory Note Assignment(Download)WHEREAS, ____________, is the owner and holder of the following described promissory note:Maker(s): __________________________Face amount: $_______(______________&___/100 dollars) ... a promissory note.1. Make multiple copies. Give one to each related party.
Description : Mr. Mendoza lends $ 25,000 to a friend with interest of 15.3% per year and a 5-month term, but 2 months later, he negotiated the corresponding promissory note at $ 25,750, what was the commercial discount rate?
Last Answer : Nevermind I found it but I can't delete the question so I guess Ill just to leave it.
Description : A signed undertaking from one party containing a promise to pay a stated sum to a specified person or a company is known as ________ A. Power of Attorney B. Promissory Note C. Purchasing Power Parity D. None of the Above
Last Answer : B. Promissory Note Explanation: A promissory note is a legal instrument in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee)
Description : Define Promissory note?
Last Answer : Negotiable instrument act 1881 defines a promissory note as “an instrument in writing containing an unconditional undertaking signed by the maker to pay a certain sum of money only, to or to the order of a certain person”.
Description : Unsecured short term deposit made by one company with another (only in case of public company) a. ICD b. Overdraft c. Cash Credit d. Promissory Note
Last Answer : a. ICD
Description : As per AS-3, Cash Flow Statement is mandatory for (i) All enterprises (ii) Companies listed on a stock exchange (iii) Companies with a turnover of more than Rs 50 crores A. Both (i) and (ii) B. Both (i) and (iii) C. Both (iii) and (ii) D. None of the above
Last Answer : C. Both (iii) and (ii)
Description : What is FEMA ? A. First Exchange Management Act B. Foreign Exchequer Management Act C. Foreign Exchange Management Act D. Foreign Evaluation Management Act
Last Answer : C. Foreign Exchange Management Act
Description : India earns maximum foreign exchange by the export of? A. Iron B. Handloom C. Texttiles D. Tea
Last Answer : D. Tea
Description : Which exchange-rate system involves a leaning against the wind strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the ... pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates
Last Answer : C. Managed floating exchange rates
Description : Under the historic adjustable pegged exchange-rate system, member countries were permitted to correct persistent and sizable payment deficits (i.e., fundamental disequilibrium) by: A. Officially ... depreciate in the free market D. Allowing their currencies to appreciate in the free market
Last Answer : B. Officially devaluing their currencies
Description : During the 1970s, the European Union, in its quest for monetary union, adopted what came to be referred to as the Community Snake This device was a (an): A. Adjustable pegged ... Dual exchange rate system C. Jointly floating exchange rate system D. Freely floating exchange rate system
Last Answer : C. Jointly floating exchange rate system
Description : A primary objective of dual exchange rates is to allow a country the ability to insulate its balance of payments from net: A. Current account transactions B. Unilateral transfers C. Merchandise trade transactions D. Capital account transactions
Last Answer : D. Capital account transactions
Description : Which exchange-rate system does not require monetary reserves for official exchange rate intervention? A. Floating exchange rates B. Pegged exchange rates C. Managed floating exchange rates D. Dual exchange rates
Last Answer : A. Floating exchange rates
Description : If the Japanese yen depreciates against other currencies in the exchange markets, this will: A. Have no effect on the Japanese balance of trade B. Tend to worsen the Japanese balance of trade C. Tend to improve the Japanese balance of trade D. None of the above
Last Answer : A. Have no effect on the Japanese balance of trade
Description : Under a floating exchange-rate system, if the U.S. dollar depreciates against the Swiss franc: A. American exports to Switzerland will be cheaper in francs B. American exports to Switzerland will ... francs C. American imports from Switzerland will be cheaper in dollars D. None of the above
Last Answer : A. American exports to Switzerland will be cheaper in francs
Description : Given an initial equilibrium in the money market and foreign exchange market, suppose the Federal Reserve increases the money supply of the United States. Under a floating exchange-rate system, the ... C. Be officially devalued by the government D. Be officially revalued by the government
Last Answer : B. Depreciate in value relative to other currencies
Description : Under a floating exchange rate system, an increase in U.S. imports of Japanese goods will cause the demand schedule for Japanese yen to: A. Increase, inducing a depreciation in the yen B. ... C. Increase, inducing an appreciation in the yen D. Decrease, inducing an appreciation in the yen
Last Answer : C. Increase, inducing an appreciation in the yen
Description : Under a floating exchange-rate system, if American exports decrease and American imports rise, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued
Last Answer : B. Depreciate
Description : Under a floating exchange-rate system, if American exports increase and American imports fall, the value of the dollar will: A. Appreciate B. Depreciate C. Be officially revalued D. Be officially devalued
Last Answer : A. Appreciate
Description : Small nations (e.g., the Ivory Coast) whose trade and financial relationships are mainly with a single partner tend to utilize: A. Pegged exchange rates B. Freely floating exchange rates C. Managed floating exchange rates D. Crawling pegged exchange rates
Last Answer : a single partner tend to utilize:
Description : The Bretton Woods Agreement of 1944 established a monetary system based on A. Gold and managed floating exchange rates B. Gold and adjustable pegged exchange rates C. Special Drawing Rights and managed floating exchange rates D. Special Drawing Rights and adjustable pegged exchange rates
Last Answer : B. Gold and adjustable pegged exchange rates
Description : hich exchange-rate system involves a leaning against the wind strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over ... Adjustable pegged exchange rates C. Managed floating exchange rates D. Freely floating exchange rates
Last Answer : D. Capital account transaction
Description : Under a pegged exchange-rate system, which does not explain why a country would have a balance-of payments deficit? A. Very high rates of inflation occur domestically B. Foreigners ... . Technological advance is superior abroad D. The domestic currency is undervalued relative to other currencies
Last Answer : The domestic currency is undervalued relative to other currencies
Description : Under adjustable pegged exchange rates, if the rate of inflation in the United States exceeds the rate of inflation of its trading partners: A. U.S. exports tend to rise and imports tend to fall ... C. U.S. foreign exchange reserves tend to rise D. U.S. foreign exchange reserves remain constant
Last Answer : B. U.S. imports tend to rise and exports tend to fall