In the case of Bill of Exchange drawee is the

(a)

maker

(b)

payee

(c)

acceptor

(d)

none of these

When the loss of cheque is intimated to the bank. It is advisable to get the cheque.

(a)

dishonoured

(b)

Cancelled

(c)

stalled

(d)

countermanded

Holder of an instruments is a person who holds the instrument.

(a)

for a longer period

(b)

before maturity

(c)

after maturity

(d)

on behalf of the owner

A written document by which some legal rights are created in favour of some person.

(a)

Endorsement

(b)

Instrument

(c)

Promissory note

(d)

Negotiation

The word ______________ means a written document by which a right is created in favour of certain person.

(a)

Negotiable

(b)

Instrument

(c)

Both 'a' and 'b'

(d)

None of these