Negotiable instruments

Quiz
•
Arts
•
University
•
Hard
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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