Self Studies

Bill of Exchang...

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  • Question 1
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    The undertaking contained in a promissory note, to pay a certain sum of money is _________________.

  • Question 2
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    $$X$$ 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 : __________.

  • Question 3
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    Mr. Amit signs on instrument in the following terms.
    (i) " I promise to pay B or order Rs $$500$$"
    (ii) " I promise to pay B Rs$$500$$, first deducting all other sums which shall be due to him."
    (iii) 
    " I promise to pay B Rs$$500$$ on D's death, provided D leaves one enough to pay that sum"
    Which of the following are promissory notes?

  • Question 4
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    Following are the persons NOT involved in bill of exchange.

  • Question 5
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    Every Promises and set of Promises forming the consideration for each other is an

  • Question 6
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    On $$1.1.2018, X$$ draws a bill on $$Y$$ for $$Rs. 20,000$$ for $$3$$ months maturity date of the bill will be ________.

  • Question 7
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    On $$15.8.2018, X$$ draws a bill on $$Y$$ for $$3$$ months for $$Rs. 2,000. 18th\ Nov$$. was a sudden holiday, maturity date of the bill will be: _______.

  • Question 8
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    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: ________.

  • Question 9
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    A negotiable instrument dated the $$31st\ August, 2019$$, is made payable $$3$$ months after date. The instrument is at maturity on ________.

  • Question 10
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    $$X$$ 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 : __________.

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