Bills of Exchan...

A draws an accommodation bill on B. The proceeds are to be shared by A and B in the ratio of 3:1. The amount of bill is Rs. 6,000, discounting charges Rs. 100. Discount borne by A will be ________.

A draws a bill on B for Rs. 6,000 for mutual accommodation in the ratio 2:1, A got it discounted Rs. 5,800 and remitted 1/3rd of the proceeds to B. At the time of maturity, how much amount A should remit to B so that B can pay off the bill?

A drew a bill on B for Rs. $$50,000$$ for $$3$$ months. Proceeds are to be shared equally. A got the bill discounted at $$12\%$$ p.a. and remits required proceeds to B. The amount of such remittance will be.

Mr Bobby sold goods worth Rs. $$25,000$$ to Mr Bonny. Bonny immediately accepted a bill on $$1.11.01$$, payable after $$2$$ months. Bobby discounted this bill @ $$18\%$$ p.a. on $$15.11.01$$. On the due date Bonny failed to discharge the bill. Later on Bonny became insolvent and $$50$$ paise in a rupee is recovered from Bombay's estate. How much amount of bad debt will be recorded in the books of Bobby.

If an instrument may be constructed either as a promissory note or bill of exchange, it is ________________.

If a bill is drawn on 29th June for 3 months, it will mature on:

The term 'Negotiable Instrument' is defined in the Negotiable Instruments Act, 1881 under section __________.

$$X$$ draws a bill on $$Y$$ for $$Rs. 30,000$$ on $$1.1.2019. X$$ accepts the same on $$4.1.2019$$ for period of $$3$$ months after date. What will be the maturity date of the bill : __________.

$$X$$ draws a bill on $$Y$$ for $$Rs. 2,50,000$$ on $$1.1.2018$$ for $$3$$ months after sight, date of acceptance is $$6.1.2018$$. Maturity date of the bill will be : __________.

Under section 118 of the Negotiable Instruments Act, 1881 it is presumed, until the contrary is proved, that every transfer of negotiable instrument was made ___________________.