Bill of Exchang...

Under which circumstances drawer and payee is same person?

A bill of exchange contains ___________.

A promissory note contains ____________.

The promissory note should be signed by _________.

X draws a bill on Y for Rs$$10,000$$. X endorsed it to Z. Y will pay the amount of the bill on maturity to _______.

On 1.1.05 X draws a bill on Y for Rs. 20,000 for 3 months. At maturity Y requests X to renew the bill for 2 months at 12% p.a interest. Amount of interest will be _________.

On 1.1.05 X draws a bill on Y for Rs. 30,000 for 3 months. At maturity Y requests X accepts Rs 10,000 in cash and for balance to draw a fresh bill for 2 months together with 12% p.a interest, Amount of interest will be ___________.

On 1.6.05 X draws a bill on Y for Rs. 50,000. At maturity Y requested X to accept Rs. 10,000 and noting charges incurred Rs. 200 in cash and for the balance X draws a bill on Y for 2 months at 12% p.a. Interest amount will be _________.

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 ________.

S draws 2 bills of exchange on 1.1.06 for Rs. 3,000 and Rs. 10,000 respectively . The bill of exchange for Rs. 3,000 is for 2 months, while the bill of exchange for Rs. 10,000 is for 3 months. These bills are accepted by K. On 4.3.06 K requests S to renew the first bill with interest at 18% p.a for a period of 2 months. S agrees to this proposal. On 20.3.06 K retires the acceptance for Rs. 10,000 the interest rebate, i.e., discount being Rs. 50.
Before the due date of the renewed bill K becomes insolvent and only 60 paise in a rupee can be recovered from his estate. How much bed debt will be recorded in the books of S?