Section 6 of Negotiable Instruments Act 1881 deals with _______.

(a)

Promissory Note

(b)

Bills of exchange

(c)

Cheque

(d)

None of the above

________cannot be a bearer instrument.

(a)

Cheque

(b)

Promissory Note

(c)

Bills of exchange

(d)

None of the above

Which endorsement relieves the endorser from incurring liability in the event of dishonour

(a)

Restrictive

(b)

Faculative

(c)

Sans recourse

(d)

Conditional

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

(a)

3

(b)

4

(c)

5

(d)

1

Document of title to the goods exclude ______________

(a)

Lorry receipt

(b)

Railway receipt

(c)

Airway bill

(d)

Invoice

List three characteristics of a Promissory Note.

What is a meant by Cheque?

Define Endorsement

Distinguish between Negotiability and Assignability.

What are the characteristics of a bill of exchange?

Draw the two different types of crossing.

Mention the presumptions of Negotiable Instruments.

Distinguish a cheque and a bill of exchange.(any 5)