Negotiable Instruments

Quiz
•
Business
•
12th Grade
•
Medium

Carmen James
Used 5+ times
FREE Resource
37 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
While a check is a one time payment, a Promissory Note is a promise made to pay back a loan, either in installments or at a later date
True
False
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Checks can be crossed to ensure the safety against theft or loss of checks, on the other hand, there is no such feature as crossing for Bill of Exchange
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
While the Bill of Exchange can be drawn in copies, the Promissory Note cannot be drawn in copies.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many parties are normally involved when using a check?
Three
Five
Two
One
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following negotiable instruments CANNOT be drawn on copies?
Check
Draft
Bill of exchange
Promissory note
6.
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is the act of a person who is the holder of a negotiable instrument signing his or her name on the instrument, thereby transferring title or ownership?
Discharge
Bearer
Endorsement
Bearer
Create a free account and access millions of resources
Similar Resources on Wayground
34 questions
Strand 6 Review

Quiz
•
12th Grade
40 questions
Guest Service Gold

Quiz
•
9th - 12th Grade
40 questions
Inter School Quiz Competition- EMPRESAS'25

Quiz
•
12th Grade
40 questions
Accounting II - Chapter 14 Test Review

Quiz
•
9th - 12th Grade
39 questions
Unit 4 Review

Quiz
•
9th - 12th Grade
39 questions
Accounting Semester Final Review

Quiz
•
12th Grade
35 questions
Business Law: Chapter 8

Quiz
•
9th - 12th Grade
33 questions
Excel Formulas: Features/Functions

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
10 questions
Afterschool Activities & Sports

Quiz
•
6th - 8th Grade
15 questions
PRIDE

Quiz
•
6th - 8th Grade
15 questions
Cool Tool:Chromebook

Quiz
•
6th - 8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
20 questions
Bullying

Quiz
•
7th Grade
18 questions
7SS - 30a - Budgeting

Quiz
•
6th - 8th Grade
Discover more resources for Business
20 questions
Lab Safety and Lab Equipment

Quiz
•
9th - 12th Grade
20 questions
ROAR Week 2025

Quiz
•
9th - 12th Grade
20 questions
Getting to know YOU icebreaker activity!

Quiz
•
6th - 12th Grade
12 questions
Macromolecules

Lesson
•
9th - 12th Grade
13 questions
Cell Phone Free Act

Quiz
•
9th - 12th Grade
20 questions
1.1 (b) Add / Sub/ Multiply Polynomials

Quiz
•
12th Grade
8 questions
STAR Assessment Practice Questions

Quiz
•
9th - 12th Grade
28 questions
Rules and Consequences Part A

Quiz
•
9th - 12th Grade