Cheques and other Means of Payment

PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

Question

a. What is a cheque? (6 marks)

b. Explain the various types of crossing on a cheque and their effect. (8 marks)

c. Give four circumstances in which the authority of a Banker to pay cheques may be revoked or determined. (8 marks)

d. Why is a Banker’s draft not a cheque?

Answer

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Tags: Banker Authority, Bankers Draft, Cheques, Crossing Types, Revocation Circumstances
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APRIL 2016

POBL – JUL 2020 – L1 – Q6 – Bill of Exchange, Negotiability, Cheque Crossings

Define a bill of exchange, outline the characteristics of negotiability, and discuss the difference between a 'not negotiable' crossing and a 'not transferable' crossing on a cheque.

Question

(a) What is a bill of exchange?

(b) What are the characteristics of negotiability?

(c) What is the difference between ( a ) ‘ not negotiable crossing on a cheque and (b) A transferable crossing on a cheque

Answer

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Tags: Banking Regulations, Bill of Exchange, Bills of Exchange Act, Cheque Crossings, Ghana Law, Negotiability, Not Negotiable, Not Transferable, Payment Instruments
Level: Level 1

Topic: Cheques and other Means of Payment

PBL – OCT 2022 – L1 – Q6 – Characteristics of Negotiable Instruments

Discuss characteristics of a negotiable instrument distinguished from a non-negotiable document or contract.

Question

Discuss the characteristics of a negotiable instrument as distinguished from a document showing or evidencing a non-negotiable document or contract. (20 marks)

Answer

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Tags: Banking Instruments, Negotiable Instruments, Non-Negotiable Documents, Payment Law, Transferability
Level: Level 1

Topic: Cheques and other Means of Payment
Series: OCT 2022

PBL – OCT 2022 – L1 – Q5 – Differences Between Cheque and Bill of Exchange

Discuss the difference between a Cheque and a Bill of Exchange.

Question

Discuss the difference between a Cheque and a Bill of Exchange.

(20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Transactions, Bills of Exchange, Cheques, Negotiable Instruments, Payment Methods
Level: Level 1

Topic: Cheques and other Means of Payment
Series: OCT 2022

PBL – APR 2023 – L1 – Q6 – Types of Crossing on Cheques

Describe and illustrate the four types of crossing on cheques.

Question

Describe and illustrate the four (4) types of crossing on cheques. (20 marks)

Answer

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Tags: Account Payee, Cheque Crossing, General Crossing, Not Negotiable, Special Crossing
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APR 2023

PBL – APR 2023 – L1 – Q5 – Types of Indorsements

Explain the four types of indorsements in relation to a Bill of Exchange.

Question

An “indorsement” in relation to a Bill of Exchange may be made in four (4) ways. Explain the four types of indorsements available. (20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bill of Exchange, Blank, Conditional, Endorsement Types, Indorsement, Negotiation, Restrictive, Special
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APR 2023

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

PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

Question

a. What is a cheque? (6 marks)

b. Explain the various types of crossing on a cheque and their effect. (8 marks)

c. Give four circumstances in which the authority of a Banker to pay cheques may be revoked or determined. (8 marks)

d. Why is a Banker’s draft not a cheque?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banker Authority, Bankers Draft, Cheques, Crossing Types, Revocation Circumstances
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APRIL 2016

POBL – JUL 2020 – L1 – Q6 – Bill of Exchange, Negotiability, Cheque Crossings

Define a bill of exchange, outline the characteristics of negotiability, and discuss the difference between a 'not negotiable' crossing and a 'not transferable' crossing on a cheque.

Question

(a) What is a bill of exchange?

(b) What are the characteristics of negotiability?

(c) What is the difference between ( a ) ‘ not negotiable crossing on a cheque and (b) A transferable crossing on a cheque

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Regulations, Bill of Exchange, Bills of Exchange Act, Cheque Crossings, Ghana Law, Negotiability, Not Negotiable, Not Transferable, Payment Instruments
Level: Level 1

Topic: Cheques and other Means of Payment

PBL – OCT 2022 – L1 – Q6 – Characteristics of Negotiable Instruments

Discuss characteristics of a negotiable instrument distinguished from a non-negotiable document or contract.

Question

Discuss the characteristics of a negotiable instrument as distinguished from a document showing or evidencing a non-negotiable document or contract. (20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Instruments, Negotiable Instruments, Non-Negotiable Documents, Payment Law, Transferability
Level: Level 1

Topic: Cheques and other Means of Payment
Series: OCT 2022

PBL – OCT 2022 – L1 – Q5 – Differences Between Cheque and Bill of Exchange

Discuss the difference between a Cheque and a Bill of Exchange.

Question

Discuss the difference between a Cheque and a Bill of Exchange.

(20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Transactions, Bills of Exchange, Cheques, Negotiable Instruments, Payment Methods
Level: Level 1

Topic: Cheques and other Means of Payment
Series: OCT 2022

PBL – APR 2023 – L1 – Q6 – Types of Crossing on Cheques

Describe and illustrate the four types of crossing on cheques.

Question

Describe and illustrate the four (4) types of crossing on cheques. (20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Account Payee, Cheque Crossing, General Crossing, Not Negotiable, Special Crossing
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APR 2023

PBL – APR 2023 – L1 – Q5 – Types of Indorsements

Explain the four types of indorsements in relation to a Bill of Exchange.

Question

An “indorsement” in relation to a Bill of Exchange may be made in four (4) ways. Explain the four types of indorsements available. (20 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bill of Exchange, Blank, Conditional, Endorsement Types, Indorsement, Negotiation, Restrictive, Special
Level: Level 1

Topic: Cheques and other Means of Payment
Series: APR 2023

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

Topic: Cheques and other Means of Payment

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PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

POBL – JUL 2020 – L1 – Q6 – Bill of Exchange, Negotiability, Cheque Crossings

Define a bill of exchange, outline the characteristics of negotiability, and discuss the difference between a 'not negotiable' crossing and a 'not transferable' crossing on a cheque.

PBL – OCT 2022 – L1 – Q6 – Characteristics of Negotiable Instruments

Discuss characteristics of a negotiable instrument distinguished from a non-negotiable document or contract.

PBL – OCT 2022 – L1 – Q5 – Differences Between Cheque and Bill of Exchange

Discuss the difference between a Cheque and a Bill of Exchange.

PBL – APR 2023 – L1 – Q6 – Types of Crossing on Cheques

Describe and illustrate the four types of crossing on cheques.

PBL – APR 2023 – L1 – Q5 – Types of Indorsements

Explain the four types of indorsements in relation to a Bill of Exchange.

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.

PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

POBL – JUL 2020 – L1 – Q6 – Bill of Exchange, Negotiability, Cheque Crossings

Define a bill of exchange, outline the characteristics of negotiability, and discuss the difference between a 'not negotiable' crossing and a 'not transferable' crossing on a cheque.

PBL – OCT 2022 – L1 – Q6 – Characteristics of Negotiable Instruments

Discuss characteristics of a negotiable instrument distinguished from a non-negotiable document or contract.

PBL – OCT 2022 – L1 – Q5 – Differences Between Cheque and Bill of Exchange

Discuss the difference between a Cheque and a Bill of Exchange.

PBL – APR 2023 – L1 – Q6 – Types of Crossing on Cheques

Describe and illustrate the four types of crossing on cheques.

PBL – APR 2023 – L1 – Q5 – Types of Indorsements

Explain the four types of indorsements in relation to a Bill of Exchange.

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.

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PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

You're reporting an error for "PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft"

POBL – JUL 2020 – L1 – Q6 – Bill of Exchange, Negotiability, Cheque Crossings

Define a bill of exchange, outline the characteristics of negotiability, and discuss the difference between a 'not negotiable' crossing and a 'not transferable' crossing on a cheque.

You're reporting an error for "POBL – JUL 2020 – L1 – Q6 – Bill of Exchange, Negotiability, Cheque Crossings"

PBL – OCT 2022 – L1 – Q6 – Characteristics of Negotiable Instruments

Discuss characteristics of a negotiable instrument distinguished from a non-negotiable document or contract.

You're reporting an error for "PBL – OCT 2022 – L1 – Q6 – Characteristics of Negotiable Instruments"

PBL – OCT 2022 – L1 – Q5 – Differences Between Cheque and Bill of Exchange

Discuss the difference between a Cheque and a Bill of Exchange.

You're reporting an error for "PBL – OCT 2022 – L1 – Q5 – Differences Between Cheque and Bill of Exchange"

PBL – APR 2023 – L1 – Q6 – Types of Crossing on Cheques

Describe and illustrate the four types of crossing on cheques.

You're reporting an error for "PBL – APR 2023 – L1 – Q6 – Types of Crossing on Cheques"

PBL – APR 2023 – L1 – Q5 – Types of Indorsements

Explain the four types of indorsements in relation to a Bill of Exchange.

You're reporting an error for "PBL – APR 2023 – L1 – Q5 – Types of Indorsements"

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"

PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft

Define a cheque, explain types of crossings and effects, list circumstances for revoking banker's authority to pay cheques, and explain why a banker's draft is not a cheque.

You're reporting an error for "PBL – APR 2016 – L1 – Q1 – Cheques, Crossings, Authority Revocation, and Banker’s Draft"

POBL – JUL 2020 – L1 – Q6 – Bill of Exchange, Negotiability, Cheque Crossings

Define a bill of exchange, outline the characteristics of negotiability, and discuss the difference between a 'not negotiable' crossing and a 'not transferable' crossing on a cheque.

You're reporting an error for "POBL – JUL 2020 – L1 – Q6 – Bill of Exchange, Negotiability, Cheque Crossings"

PBL – OCT 2022 – L1 – Q6 – Characteristics of Negotiable Instruments

Discuss characteristics of a negotiable instrument distinguished from a non-negotiable document or contract.

You're reporting an error for "PBL – OCT 2022 – L1 – Q6 – Characteristics of Negotiable Instruments"

PBL – OCT 2022 – L1 – Q5 – Differences Between Cheque and Bill of Exchange

Discuss the difference between a Cheque and a Bill of Exchange.

You're reporting an error for "PBL – OCT 2022 – L1 – Q5 – Differences Between Cheque and Bill of Exchange"

PBL – APR 2023 – L1 – Q6 – Types of Crossing on Cheques

Describe and illustrate the four types of crossing on cheques.

You're reporting an error for "PBL – APR 2023 – L1 – Q6 – Types of Crossing on Cheques"

PBL – APR 2023 – L1 – Q5 – Types of Indorsements

Explain the four types of indorsements in relation to a Bill of Exchange.

You're reporting an error for "PBL – APR 2023 – L1 – Q5 – Types of Indorsements"

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"

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