- 1 Marks
Question
Which of the following is a type of negotiable instrument?
A. Bill of lading
B. Treasury bill
C. Postage stamp
D. Credit note
E. Debit advice
Answer
B. Treasury bill
Explanation: The correct answer is B, Treasury bill. A treasury bill is considered a negotiable instrument because it is a short-term debt instrument issued by the government and can be transferred by endorsement or delivery. Other options like a bill of lading and credit note are not considered negotiable instruments in the context of financial law.
- Tags: Financial instruments, Legal Documents, Negotiable Instruments
- Level: Level 1
- Topic: Negotiable Instruments
- Series: MAR/JULY 2020
- Uploader: Theophilus