Promissory Note – Knowsia

PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

Question

A) Define a promissory note.

B) Indicate the differences between a promissory note and a bill of exchange 12 marks

C) Outline any four requirements of a valid endorsement.

D) The endorser of a bill of exchange makes certain promises and admissions to the holder of a bill. Describe briefly these promises and admissions.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bill of Exchange, Endorsement, Holders Rights, Negotiable Instruments, Promissory Note
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APRIL 2014

BL – May 2013 – L1 – SA – Q19 – Negotiable Instruments

This question assesses the understanding of what is not recognized as a negotiable instrument under the law.

Question

Which of the following is NOT recognized by law as a negotiable instrument?

A. Bill of exchange
B. Cheque
C. Promissory note
D. I.O.U
E. Dividend warrants

Answer

Find Related Questions by Tags, levels, etc.

Tags: IOU, Negotiable Instruments, Promissory Note
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2013

PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

Question

A) Define a promissory note.

B) Indicate the differences between a promissory note and a bill of exchange 12 marks

C) Outline any four requirements of a valid endorsement.

D) The endorser of a bill of exchange makes certain promises and admissions to the holder of a bill. Describe briefly these promises and admissions.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bill of Exchange, Endorsement, Holders Rights, Negotiable Instruments, Promissory Note
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APRIL 2014

BL – May 2013 – L1 – SA – Q19 – Negotiable Instruments

This question assesses the understanding of what is not recognized as a negotiable instrument under the law.

Question

Which of the following is NOT recognized by law as a negotiable instrument?

A. Bill of exchange
B. Cheque
C. Promissory note
D. I.O.U
E. Dividend warrants

Answer

Find Related Questions by Tags, levels, etc.

Tags: IOU, Negotiable Instruments, Promissory Note
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2013

Question Tag: Promissory Note

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PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

BL – May 2013 – L1 – SA – Q19 – Negotiable Instruments

This question assesses the understanding of what is not recognized as a negotiable instrument under the law.

PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

BL – May 2013 – L1 – SA – Q19 – Negotiable Instruments

This question assesses the understanding of what is not recognized as a negotiable instrument under the law.

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PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

You're reporting an error for "PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements"

BL – May 2013 – L1 – SA – Q19 – Negotiable Instruments

This question assesses the understanding of what is not recognized as a negotiable instrument under the law.

You're reporting an error for "BL – May 2013 – L1 – SA – Q19 – Negotiable Instruments"

PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements

Definition of promissory note, differences from bill of exchange, requirements for valid endorsement, and promises/admissions of endorser.

You're reporting an error for "PBL – APR 2014 – L1 – Q1 – Promissory Notes, Bills of Exchange, and Endorsements"

BL – May 2013 – L1 – SA – Q19 – Negotiable Instruments

This question assesses the understanding of what is not recognized as a negotiable instrument under the law.

You're reporting an error for "BL – May 2013 – L1 – SA – Q19 – Negotiable Instruments"

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