Negotiable instruments
Authored by GAYATHRI V
Arts
University
Used 441+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
negotiable instrument means
promissory notes
bills of exchange
cheque
All of the above
2.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
A -------------------------------- is a signed document that promises a sum of payment to a specified person or the assignee
(a)
3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The person who transfers the negotiable instrument is the -------------------------------
(a)
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The person to whom the negotiable instrument is transfered is the----------------------------
(a)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A holder in due course is one who has a negotiable instrument by fulfilling three conditions
i) Good faith
ii) Negotiability
iii) Valid consideration
iv) Without negligence
i & ii
ii & iv
i,ii & iii
i , iii & iv
6.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The Negotiable instrument can be issued only for payment of --------------------
(a)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the case of ------------ instruments, mere delivery to
the transferee is sufficient.
Order
Bearer
Both 1 & 2
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