Question Tag: Bearer Cheque

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EOB – APR 2023 – L1 – Q6 – Differences Between Cheque and Bill of Exchange, Cheque Definition, Bearer Cheques

Five differences between cheque and bill of exchange; define cheque and difference from payment order; three instances of bearer cheques.

a. State any five differences between a cheque and a bill of exchange. (10 marks)

b. Define a cheque and state the difference between a cheque and a payment order. (4 marks)

c. State any three instances when a cheque is said to be payable to a bearer. (6 marks)

(Total: 20 marks)

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BL – March July 2020 – L1 – SB – Q6b – Negotiable Instruments

Explains two types of cheques: bearer and order cheques.

A cheque is an instrument for financial transactions.

Required:
Explain briefly the following types of cheque:
i. Bearer Cheque (4 Marks)
ii. Order Cheque (4 Marks)

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EOB – APR 2023 – L1 – Q6 – Differences Between Cheque and Bill of Exchange, Cheque Definition, Bearer Cheques

Five differences between cheque and bill of exchange; define cheque and difference from payment order; three instances of bearer cheques.

a. State any five differences between a cheque and a bill of exchange. (10 marks)

b. Define a cheque and state the difference between a cheque and a payment order. (4 marks)

c. State any three instances when a cheque is said to be payable to a bearer. (6 marks)

(Total: 20 marks)

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Report an error

You're reporting an error for "EOB – APR 2023 – L1 – Q6 – Differences Between Cheque and Bill of Exchange, Cheque Definition, Bearer Cheques"

BL – March July 2020 – L1 – SB – Q6b – Negotiable Instruments

Explains two types of cheques: bearer and order cheques.

A cheque is an instrument for financial transactions.

Required:
Explain briefly the following types of cheque:
i. Bearer Cheque (4 Marks)
ii. Order Cheque (4 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "BL – March July 2020 – L1 – SB – Q6b – Negotiable Instruments"

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