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Law - Ch-6,7,8

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1st Grade

Law - Ch-6,7,8
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2.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following bills allows for inland and international transportation?

3.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following statements about bills of lading is/are correct?

1- A bill made out to a named consignee may be negotiable

2- A bill made out “to bearer” is non-negotiable

3- A seller can make the bill out to themselves, creating an order bill

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is NOT a requirement of an international bill of exchange under the UN Convention on International Bills of Exchange and International Promissory Notes?

5.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following documents confirms receipt of specified goods?

6.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Which of the following is most likely provide immediate payment?

7.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Bruce has agreed to buy some sheep from Sheila. The parties have agreed that Bruce will pay in Australian Dollars on a bill of exchange.

Which of the following correctly describes Bruce’s role?

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