Person in whose favor the bill is drawn is known as
Drawer
Drawee
Payee
None of these
If the due date of the bill falls on a public holiday, it should be presented on the just_______ day
Succeeding day
Previous
Same
Any other
A bill is called a _________ before its acceptance by a drawee.
Draft
Cheque
Promissory note
The amount of bill must be_________.
Certain
Uncertain
Both of these
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
Evidence of dishonor of a bill is got through___________.
Discounting
Dishonoring
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
A two months bill drawn on june1,1999 matures for payment on ____________.
July 4,
August 1
August 4
July 1
Promissory note is written by the
Creditor
Debtor
The period on which the amount of the bill become due is called__________ of bill.
Tenure
Days of grace
Date