- 20 Marks
BCL – L1 – Q39 – Negotiable Instruments
Explain bills of exchange, holder in due course, and promissory notes.
Question
NEGOTIABLE INSTRUMENTS
(a) Explain the following terms:
(i) Bills of Exchange,
(ii) Holder in due course,
(iii) Promissory Notes
(b) You have been engaged as the Accounts Officer of a supermarket in Accra and the manager will like you to explain to him what is meant by Conditional Sale and Protected Goods under Hire Purchase Agreements.
Find Related Questions by Tags, levels, etc.
- Tags: Conditional Sale, Hire Purchase, Protected Goods, Sale of Goods
- Level: Level 1
- Topic: Sale of Goods/Hire Purchase
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