
Negotiable Instruments (Law)
Authored by Cory Brace
Business
9th - 12th Grade
Used 118+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following negotiable instruments CANNOT be drawn on copies?
Draft
Promissory note
Check
Bill of exchange
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a function of negotiable instruments?
Credit device
Substitute for money
Recordkeeping device
Conditional contract replacement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a requirement for negotiability?
Must be signed
Must contain a condition to payment
Must be for an exact amount of money
Must be written
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a written promise made by one person to pay a fixed sum to another person on demand or at a specific time in the future?
Promissory note
Check
Draft
Bill of exchange
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many parties are normally involved when using a check?
2
3
4
5
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following types of discharge involves the holder of an instrument at or after its maturity absolutely and unconditionally renouncing in writing and giving up their right against all the parties to the instrument?
By cancellation
By material alteration
By express waiver
By payment in due course
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following refers to the termination of the instrument and liability of the parties?
Discharge
Endorsement
Defense
Negotiation
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
15 questions
Operations
Quiz
•
12th Grade
15 questions
Office orientation & communication
Quiz
•
10th - 12th Grade
15 questions
NI act / BR act Legal Aspects Quiz
Quiz
•
12th Grade
20 questions
Key terms in Business grade 9
Quiz
•
9th Grade
15 questions
Products & Services
Quiz
•
9th Grade
15 questions
ETE3 Business Validation
Quiz
•
11th Grade
20 questions
Chapter 5 -MARKET ECONOMY SYSTEM
Quiz
•
12th Grade
15 questions
Basic wage calculations
Quiz
•
8th - 10th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
54 questions
Analyzing Line Graphs & Tables
Quiz
•
4th Grade
22 questions
fractions
Quiz
•
3rd Grade
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
15 questions
Equivalent Fractions
Quiz
•
4th Grade