Welcome to Answerclub.org
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
If the acceptor of the bill refuses to pay the bill on maturity, what is it called?
In situations where the acceptor refuses or is not in a position to pay, such a condition causes breach of promise and leads to dishonour of bill.
In situations where the acceptor refuses or is not in a position to pay, such a condition causes breach of promise and leads to dishonour of bill.
See lessWhat is noting of the bill of exchange?
Noting is referred to the recording of the fact of dishonour by a notary public.
Noting is referred to the recording of the fact of dishonour by a notary public.
See lessCalculate the due date of a bill of exchange written on July 13, 2017, for 30 days.
The date of maturity will be August 14, 2017
The date of maturity will be August 14, 2017
See lessWhat is the date of maturity of a bill of exchange?
The date of maturity of a bill of exchange is the date on which the bill becomes due for payment.
The date of maturity of a bill of exchange is the date on which the bill becomes due for payment.
See lessDoes promissory note require acceptance?
No, the promissory note does not require acceptance
No, the promissory note does not require acceptance
See lessIs bill of exchange drawn by the debtor?
No the bill of exchange is not drawn by a debtor
No the bill of exchange is not drawn by a debtor
See lessExplain the characteristics of the bill of exchange
The characteristics of the bill of exchange are. A bill of exchange should be in writing The order must be unconditional The date of payment must be a fixed date It should be signed by the drawee of the bill It should be signed by the drawer of the bill
The characteristics of the bill of exchange are.
A bill of exchange should be in writing
See lessThe order must be unconditional
The date of payment must be a fixed date
It should be signed by the drawee of the bill
It should be signed by the drawer of the bill
What is the bill of exchange
Bil of exchange is a written document signed by the head of the department or the makers guiding them to pay a certain amount for the order of a certain individual or the bearer of the device.
Bil of exchange is a written document signed by the head of the department or the makers guiding them to pay a certain amount for the order of a certain individual or the bearer of the device.
See lessWhat are the two most used negotiable instrument
The two most used negotiable instrument is. Bill of exchange Promissory Note
The two most used negotiable instrument is.
Bill of exchange
See lessPromissory Note
Give one difference between reserve and provision on the basis of charge or appropriation
Reserve is an appropriation of profit and provision is a charge against profit.
Reserve is an appropriation of profit and provision is a charge against profit.
See less