Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi

Acceptor for honour can be a party to  
A. A cheque  
B. A bill of exchange
C. A promissory note
D. A hundi
by

1 Answer

Answer :

B. A bill of exchange
by

Related questions

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.

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

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

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Last Answer : C. Every promissory note

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 person the holder thereof B. The payment by a bank on a negotiable instrument after due verification of the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above.

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

Cheque is a A. Promissory note B. Bill of exchange C. Both (a) and (b) above D. None of the above.

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Last Answer : D. None of the above.

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 payable B. On the 3rd day after the day on which it is expressed to be payable C. On the 5th day after the day on which it is expressed to be payable D. On the 4th day after the day on which it is expressed to be payable.

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Last Answer : D. On the 4th day after the day on which it is expressed to be payable.

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.

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Last Answer : A valid instrument

In case of insolvency of a drawee, a bill should be presented for acceptance to the A. Official receiver B. Acceptor for honour C. Drawee incase of need

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Last Answer : A. Official receiver

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

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Last Answer : A. Must be certain

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Last Answer : C. Payee

Notice of dishonour must be given A. To the drawer and drawee only B. To the drawer, acceptor and endorser(s) only C. To all the parties liable on the instrument or to their duly authorized agent D. To all the parties who are secondarily liable on the instrument or to their duly authorized agent

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Last Answer : D. To all the parties who are secondarily liable on the instrument or to their duly authorized agent

A bill of exchange contains a/an A. Unconditional undertaking B. Unconditional order C. Conditional undertaking D. Conditional order.

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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 months from the date on which it is drawn or within the period of its validity, whichever is earlier C. Within a period of 15 days from the date on which it is drawn D. None of the above.

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.

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Last Answer : Nevermind I found it but I can't delete the question so I guess Ill just to leave it.

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Last Answer : A. Appreciate

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Last Answer : a single partner tend to utilize:

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