Negotiable Instrument is freely transferable by delivery if it is a instrument.

(a)

Order

(b)

Bearer

(c)

Both a & b

(d)

None of the above

Number of parties in a bill of exchange are_______.

(a)

2

(b)

6

(c)

3

(d)

4

________cannot be a bearer instrument.

(a)

Cheque

(b)

Promissory Note

(c)

Bills of exchange

(d)

None of the above

When crossing restrict further negotiation

(a)

Not negotiable crossing

(b)

General Crossing

(c)

A\c payee crossing

(d)

Special crossing

A cheque will become stale after _______ months of its date:

(a)

3

(b)

4

(c)

5

(d)

1