The person, other than the drawer, who is named to receive the amount of the bill is
Acceptor
Payee
Endorser
Bank
A bill is called a _________ before its acceptance by a drawee.
Draft
Cheque
Promissory note
None of these
Promissory note is written by the
Creditor
Debtor
Both of these
The person to whom the name of the instrument has been endorsed is called
Endorsee
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
Evidence of dishonor of a bill is got through___________.
Discounting
Noting
Retiring
Dishonoring
A bill of exchange is drawn by____________.
Owner
A cheque is drawn on a _____________only.
Person
Government
There are _____________ parties in a promissory note.
Two
Three
Four
One
A__________ is payable in demand.
Bill of exchange