Question Tag: Order Bill

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BL – May 2017 – L1 – SB – Q6c – Negotiable Instruments

Identification and explanation of the characteristics of an Order Bill and a Bearer Bill under negotiable instruments law.

Question

A Bill may be an “Order Bill” or a “Bearer Bill”.

Required:
i. State the two factors for identifying an “Order Bill”. (2 Marks)
ii. Explain briefly a “Bearer Bill”. (2 Marks)

Answer

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Find Related Questions by Tags, levels, etc.

Tags: Bearer Bill, Identification of Bills, Negotiable Instruments, Order Bill
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2017

BL – May 2017 – L1 – SB – Q6c – Negotiable Instruments

Identification and explanation of the characteristics of an Order Bill and a Bearer Bill under negotiable instruments law.

Question

A Bill may be an “Order Bill” or a “Bearer Bill”.

Required:
i. State the two factors for identifying an “Order Bill”. (2 Marks)
ii. Explain briefly a “Bearer Bill”. (2 Marks)

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: Bearer Bill, Identification of Bills, Negotiable Instruments, Order Bill
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2017

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