The period on which the amount of the bill become due is called__________ of bill.
Tenure
Days of grace
Date
None of these
When a drawee become insolvent, the bill accepted by him is treated as_________.
Honored
Dishonored
All 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
When the bill is not met on the due date, it is said to have been
Discounted
Renewed
Dishonoured
Endorsed
Promissory note does not require any ___________
Noting
Protesting
Acceptance
Both a and b
A two months bill drawn on june1,1999 matures for payment on ____________.
July 4,
August 1
August 4
July 1
The act of putting the signature on the draft received from the drawer is called
Draft
Bill
Which of the following is not a negotiable instrument?
Bill of exchange
Promissory note
Share warrant
Postal order
A person who drawn the bill of exchange is known as
Drawer
Drawee
Payee
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