Bill of Exchang...

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:

On 10th Sept. X draws a bill on Y for 25,000 for 30 days. 13th Dec. is public holiday, due date of the 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.

On $$18.2.2019$$ A draws a bill on $$B$$ for $$Rs. 1,25,000$$. $$B$$ accepted the bill on $$21.2.2019$$. The bill is drawn for $$30$$ days after sight. The maturity date of the bill will be : ________.

Noting is necessary in case of __________ of bill.

If Mr. Z draws the bill of exchange for Rs $$75,000$$ on Mr. N. This transaction will be recorded by Mr.Z in ________and by Mr. N in ________.

The term of a "bill after sight" commences ______.

a bill drawn on 23.11.2013 as payable 2 months after sight was accepted on 24.11.2013. The date of maturity of this bill will be ______.

On 18.2.13 A drew a bill on B for 10,000. B accepted the bill on 21.2.13. The bill is drawn for 30 days after sight. The due date of the bill will be:

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