Consider the following statements and find out the correct one.

1. Bill of Exchange is an unconditional order
2. In the case of a promissory note there is no notice is required to the maker

Essential characteristics of a negotiable instrument is/are

Which of the following is not considered as a Bill of Exchange drawn on a banker?

The charge for specifying the cause for dishonouring the bill of, by notary public, are known as ---.

Noting charges is a --- to the drawer

Noting charges is an expenses to the ---, but it is paid by the --- at the time of Noting and later it is claimed from the ---.

Noting and protest can be done by ----

Noting and protest is a must for ---- bills .

The certificate issued by a notary public stating the cause for dishonour of a bill is called ---.

The act of recording the fact of a bill's dishonour by a notary public is called ----.

If the Debtor, couldn't pay the bill on due date, such a bill is called ----.

The charge made by the bank for paying cash of a bill at an earlier date before maturity of the bill is called ---.

If the last date of grace period is a sudden holiday, the payment should be made on ----.

If the last date of grace period is public holiday, the payment should be made on --- .

Every instrument payable at specified period after date or sight are entitled to --- days of grace.

----- means the date on which a bill of exchange falls due for payment.

Accepting a bill and making it payable at a bank is called ---.

A Bill delivered conditionally for special purposes is called ---.

The process of drawing and accepting a new bill by adding the interest and cancelling the old bill is called ----.

An Indians bill of exchange made by Indigenous Banks

Noting is necessary in -----.

Inland bill is prepared in sets of ----.

If a Foreign Bill is drawn in India, it should be payable by a ----.

When a foreign bill is drawn abroad, then it can be made payable by ----.

When the drawer and the acceptor lives in different countries, then such a Bill of Exchange is known as -----.

A foreign bill is prepared in 3 sets, where each copy is called ---.

A foreign bill is prepared in sets of ---.

As per sec 12 of NI Act, any Bill of Exchange which is not an inland bill, is a ----.

An Inland Bill of Exchange is drawn in India and if it is payable abroad, it can be paid by ----.

An Inland Bill of Exchange is drawn in India and if payable in India, it can be paid by ----.

In case the original bill is dishonoured, a new bill can be drawn for the sum of liquidated damage. This new bill is called the ----.

A Bill of Exchange is drawn and accepted without any genuine trade transaction, it is called ---.

Bills drawn from a genuine trade transaction is called ----.

Those bills without any document of title of goods, is called ---.

Bills that are accompanied by, documents of title of goods are called ---.

The bill that is paid in a future pre-decided time is known as ---.

Bills which are payable on demand are called ----.

The maximum validity period of a promissory note is ---.

Of the 2 types of promissory notes, the promissory note, payable after a predetermined period is called ---.

When the maturity promissory note is on a public holiday, the instrument shall be deemed to be due on ----.

The ---- of a promissory note is the date on which it falls due.

The days of grace for a promissory note is ---,

The drawer of a promissory note is always a ----.

Affix of revenue stamps of Re1 are necessary in the case of ----.

The primary liability in the case of promissory note is with ----.

The drawer of a promissory note is known as ---.

The drawer of a cheque is always a -----.

An additional paper attached or pasted with a cheque for the purpose of endorsement is called ---.

A cheque when torn into pieces is called ---.

When an account does not have sufficient balance to honour the cheque issued by the customer, such a cheque is called ---.