Negotiable instruments

Negotiable instruments

University

20 Qs

quiz-placeholder

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Negotiable instruments

Negotiable instruments

Assessment

Quiz

Arts

University

Hard

Created by

GAYATHRI V

Used 440+ times

FREE Resource

20 questions

Show all answers

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 BLANK QUESTION

1 min • 1 pt

A -------------------------------- is a signed document that promises a sum of payment to a specified person or the assignee

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The person who transfers the negotiable instrument is the -------------------------------

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The person to whom the negotiable instrument is transfered is the----------------------------

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 BLANK QUESTION

1 min • 1 pt

The Negotiable instrument can be issued only for payment of --------------------

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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