The amount of bill must be_________.
Certain
Uncertain
None of these
Both of these
Days of grace are not allowed in ________.
Cheque
Promissory note
Bill of exchange
Both a and b
On dishonor of a discounted bill_________ accounts is credited in the book of drawer.
Bills receivable
Bank
Endorsee
Drawee
A two months bill drawn on june1,1999 matures for payment on ____________.
July 4,
August 1
August 4
July 1
The _____________of the maker is primary and absolute.
Liability
Interest
When the amount of the bill is paid before maturity it is called
Retiring a bill
Renewal of a bill
Dishonor of bill
Discounting of a bill
The separate sheet of paper attached to the bill for endorsement, when there is no space on the bank of the bill is called
Noting
Allonge
Retiring
Renewal
Bill of exchange payable on demand is known as
Tenure of bill
Bill after date
Bill at sight
A bill of exchange is an unconditional___________.
Order
Undertaking
When the acceptor facts to pay the amount of the bill on the due date the bill is said to be dishonored by _________.
Non acceptance
Non payment
All of these
