Bill of exchange is a ______________instrument
Negotiable
Transferable
Legal
None of these
When the amount of the bill is paid before maturity it is called
Retiring a bill
Renewal of a bill
Dishonour of bill
Discounting of a bill
The act of putting the signature on the draft received from the drawer is called ____________
Acceptance
Draft
Bill
The maker of the bill of exchange is called
Drawer
Drawee
Payee
Endorser
A bill is called a _________ before its acceptance by a drawee
Cheque
Promissory note
A bill of exchange is drawn by____________
Debtor
Creditor
Owner
The period on which the amount of the bill become due is called__________ of bill
Tenure
Days of grace
Date
When a drawee become insolvent, the bill accepted by him is treated as_________
Honoured
Dishonoured
All of these
___________ is the holder of instruments who endorses in favour of another person
Endorsee
Both of these
Promissory note does not require any ___________
Noting
Protesting
Both a and b