Bills of Exchan...

Following are the persons NOT involved in bill of exchange.

A bills of exchange not covered under negotiable Act. are _______.

Every Promises and set of Promises forming the consideration for each other is an

On $$1.1.2018, X$$ draws a bill on $$Y$$ for $$Rs. 20,000$$ for $$3$$ months maturity date of the bill will be ________.

On $$16.6.2019\ X$$ draws a bill on $$Y$$ for $$Rs. 25,000$$ for $$30$$ days. $$19th$$ July is a public holiday, maturity date of the bill will be: ________.

A negotiable instrument dated the $$31st\ August, 2019$$, is made payable $$3$$ months after date. The instrument is at maturity on ________.

A person who is ordered to pay the amount to bill of exchange is known as:

X sent out 4,000 boxes costing 100 each with the instruction that sales are to be made at cost +45%. X drew a bill on Y for an amount equivalent to 60% of sales value. The amount of bill will be:

If an instrument be negotiated by means of a forged endorsement, the endorsee acquires no title even though he be a purchaser for value and in good faith, for the endorsement is a nullity.

X sold goods to Y for $$ 2,00,000 $$ Y paid cash 50,000. X will grant 2% discount on balance, and Y requests X to draw a bill for balance, the amount of bill will be: