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when the is crossed with Two parallel lines or with ‘A/c payee only.’ et c. when the is crossed with Two parallel lines or with word ‘& Co.’ et c. If the instrument is not ‘on demand’ _ days of grace is grante d.Ģ8. To calculate the maturity date of a negotiable instrument the drawing date to be _for countingĢ7. After a specified period – months or days.Ģ6. A Promissory Note or Bill of Exchange can be made payableĬ. Liability of maker is _ in case of bill of exchangeĢ4. Drawer is both debtor to one and creditor to another in case of _Ģ3. Acceptance is _ in case of bill of exchangeĢ2. Acceptance is _ in case of bill of exchangeĢ1. Sec 6 of negotiable instruments Act 1880 deals withġ8. Sec 5 of negotiable instruments Act 1880 deals withġ7.

Sec 4 of negotiable instruments Act 1880 deals withġ6. The number of parties to a Promissory Note is _ġ5. The number of parties to a bill of exchange is _ġ4. _ is an instrument in writing, containing an unconditional order, signed by the maker, directing a certain person, to a pay a certain sum of money only to, or to the order of a certain person or to the bearer of the instrumentġ3. _ an instrument in writing containing an unconditional undertaking signed by the maker to pay a certain sum of money only to, or to the order of, a certain person or to the bearer of the instrumentġ2. which of the below given sentence is proper as to considered to be written in negotiable instrumentsġ1. when an instrument has been lost it is presumed that it was _ġ0. The instrument must be taken in good faith and with aĩ. The transferor of a negotiable instrument is the oneĨ. The transferee of a negotiable instrument is the oneħ. A negotiable instrument is freely transferable, by endorsement if it is a/an _ instrument.Ħ. A negotiable instrument is freely transferable, by delivery if it is a/an _ instrument.ĥ. Negotiable instrument means a promissory note, bill of exchange or cheque, payable to _Ĥ. _ means ‘ a written document by which some legal rights are created in favor of some person’ģ. _ means ‘something legally transferable from one person to another for a consideration’.Ģ. Negotiable Instruments Act Multiple Choice Questionsġ.