Negotiable Instruments – NBC Institute

BL – Nov 2011 – L1 – SA – Q8 – Negotiable Instruments

Identify which type of acceptance does not qualify as a qualified acceptance of a Bill.

Question

A qualified acceptance of a Bill may occur in any of the following ways EXCEPT by:
A. Conditional acceptance
B. Partial acceptance
C. Restriction of payment to a place
D. Signature
E. Stipulation of time of payment

Answer

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Tags: Acceptance, Bill of Exchange, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2011

BL – Nov 2012 – L1 – SA – Q17 – Negotiable Instruments

Identify which of the options is not a negotiable instrument.

Question

Which of the following is NOT a negotiable instrument?

A. Credit card
B. Dividend warrants
C. Treasury bills
D. Traveller’s cheques
E. Bearer bonds

Answer

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Tags: Credit Cards, Financial Transactions, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2012

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

This question tests the knowledge of the person to whom a bill is endorsed.

Question

The person to whom a bill is endorsed is called the ___________.

Answer

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Tags: Bills, Endorsement, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2013

BL – May 2013 – L1 – SA – Q10 – Negotiable Instruments

This question tests the definition of the process of transferring a bill.

Question

The process of transferring a bill from one person to another in such manner as to constitute the transferee the holder of the bill is called ___________.

Answer

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Tags: Negotiable Instruments, Transfer of Bills
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2013

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

BL – May 2014 – L1 – SB – Q6 – Negotiable Instruments

Discussing characteristics of negotiable instruments and banker duties.

Question

a. “A Negotiable Instrument must express clarity in the instruction on the instrument without any ambiguity”. Explain TWO characteristics of a Negotiable Instrument. (4 Marks)

b. The relationship between the banker and his customer is said to be the relationship between a debtor and a creditor. You are required to state FIVE duties of a banker to its customer. (5 Marks)

c. A testator that has made a Will can only revoke it under certain circumstances. Explain THREE ways by which a Will may be revoked. (6 Marks)

Answer

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Tags: Banking Law, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2014

BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments

Identifying the principle of transfer of negotiable instruments.

Question

A bonafide transferee of a negotiable instrument takes it free from equities if he has given valuable ____________ for it.

Answer

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Tags: Equities, Negotiable Instruments, Transfer
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2014

BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments

Understanding the various ways a bill can be discharged.

Question

A bill can be discharged in any of the following ways EXCEPT by:
A. Payment in due course
B. Physical destruction of the bill
C. Acceptor becoming holder of the bill
D. Renunciation
E. Cancellation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bills of Exchange, Discharge, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2014

BL – Nov 2013 – L1 – SB – Q6a – Negotiable Instruments

Explaining three types of bills of exchange.

Question

State and explain THREE types of Bills of Exchange.

Answer

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Tags: Bills of Exchange, Legal Documentation, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments

Question on identifying the person in whose favour a Bill is drawn.

Question

The person in whose favour a Bill is drawn, is known as ………………………….

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Law, Bills of Exchange, Holder, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2013

BL – Nov 2011 – L1 – SA – Q8 – Negotiable Instruments

Identify which type of acceptance does not qualify as a qualified acceptance of a Bill.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acceptance, Bill of Exchange, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2011

BL – Nov 2012 – L1 – SA – Q17 – Negotiable Instruments

Identify which of the options is not a negotiable instrument.

Question

Which of the following is NOT a negotiable instrument?

A. Credit card
B. Dividend warrants
C. Treasury bills
D. Traveller’s cheques
E. Bearer bonds

Answer

Find Related Questions by Tags, levels, etc.

Tags: Credit Cards, Financial Transactions, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2012

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

This question tests the knowledge of the person to whom a bill is endorsed.

Question

The person to whom a bill is endorsed is called the ___________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bills, Endorsement, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2013

BL – May 2013 – L1 – SA – Q10 – Negotiable Instruments

This question tests the definition of the process of transferring a bill.

Question

The process of transferring a bill from one person to another in such manner as to constitute the transferee the holder of the bill is called ___________.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Negotiable Instruments, Transfer of Bills
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2013

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

BL – May 2014 – L1 – SB – Q6 – Negotiable Instruments

Discussing characteristics of negotiable instruments and banker duties.

Question

a. “A Negotiable Instrument must express clarity in the instruction on the instrument without any ambiguity”. Explain TWO characteristics of a Negotiable Instrument. (4 Marks)

b. The relationship between the banker and his customer is said to be the relationship between a debtor and a creditor. You are required to state FIVE duties of a banker to its customer. (5 Marks)

c. A testator that has made a Will can only revoke it under certain circumstances. Explain THREE ways by which a Will may be revoked. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Law, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2014

BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments

Identifying the principle of transfer of negotiable instruments.

Question

A bonafide transferee of a negotiable instrument takes it free from equities if he has given valuable ____________ for it.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Equities, Negotiable Instruments, Transfer
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2014

BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments

Understanding the various ways a bill can be discharged.

Question

A bill can be discharged in any of the following ways EXCEPT by:
A. Payment in due course
B. Physical destruction of the bill
C. Acceptor becoming holder of the bill
D. Renunciation
E. Cancellation

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bills of Exchange, Discharge, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2014

BL – Nov 2013 – L1 – SB – Q6a – Negotiable Instruments

Explaining three types of bills of exchange.

Question

State and explain THREE types of Bills of Exchange.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bills of Exchange, Legal Documentation, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2013

BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments

Question on identifying the person in whose favour a Bill is drawn.

Question

The person in whose favour a Bill is drawn, is known as ………………………….

Answer

Find Related Questions by Tags, levels, etc.

Tags: Banking Law, Bills of Exchange, Holder, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2013

Question Tag: Negotiable Instruments

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BL – Nov 2011 – L1 – SA – Q8 – Negotiable Instruments

Identify which type of acceptance does not qualify as a qualified acceptance of a Bill.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q8 – Negotiable Instruments"

BL – Nov 2012 – L1 – SA – Q17 – Negotiable Instruments

Identify which of the options is not a negotiable instrument.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q17 – Negotiable Instruments"

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

This question tests the knowledge of the person to whom a bill is endorsed.

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

BL – May 2013 – L1 – SA – Q10 – Negotiable Instruments

This question tests the definition of the process of transferring a bill.

You're reporting an error for "BL – May 2013 – L1 – SA – Q10 – Negotiable Instruments"

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"

BL – May 2014 – L1 – SB – Q6 – Negotiable Instruments

Discussing characteristics of negotiable instruments and banker duties.

You're reporting an error for "BL – May 2014 – L1 – SB – Q6 – Negotiable Instruments"

BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments

Identifying the principle of transfer of negotiable instruments.

You're reporting an error for "BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments"

BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments

Understanding the various ways a bill can be discharged.

You're reporting an error for "BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments"

BL – Nov 2013 – L1 – SB – Q6a – Negotiable Instruments

Explaining three types of bills of exchange.

You're reporting an error for "BL – Nov 2013 – L1 – SB – Q6a – Negotiable Instruments"

BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments

Question on identifying the person in whose favour a Bill is drawn.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments"

BL – Nov 2011 – L1 – SA – Q8 – Negotiable Instruments

Identify which type of acceptance does not qualify as a qualified acceptance of a Bill.

You're reporting an error for "BL – Nov 2011 – L1 – SA – Q8 – Negotiable Instruments"

BL – Nov 2012 – L1 – SA – Q17 – Negotiable Instruments

Identify which of the options is not a negotiable instrument.

You're reporting an error for "BL – Nov 2012 – L1 – SA – Q17 – Negotiable Instruments"

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

This question tests the knowledge of the person to whom a bill is endorsed.

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

BL – May 2013 – L1 – SA – Q10 – Negotiable Instruments

This question tests the definition of the process of transferring a bill.

You're reporting an error for "BL – May 2013 – L1 – SA – Q10 – Negotiable Instruments"

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"

BL – May 2014 – L1 – SB – Q6 – Negotiable Instruments

Discussing characteristics of negotiable instruments and banker duties.

You're reporting an error for "BL – May 2014 – L1 – SB – Q6 – Negotiable Instruments"

BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments

Identifying the principle of transfer of negotiable instruments.

You're reporting an error for "BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments"

BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments

Understanding the various ways a bill can be discharged.

You're reporting an error for "BL – May 2014 – L1 – SA – Q18 – Negotiable Instruments"

BL – Nov 2013 – L1 – SB – Q6a – Negotiable Instruments

Explaining three types of bills of exchange.

You're reporting an error for "BL – Nov 2013 – L1 – SB – Q6a – Negotiable Instruments"

BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments

Question on identifying the person in whose favour a Bill is drawn.

You're reporting an error for "BL – Nov 2013 – L1 – SA – Q18 – Negotiable Instruments"

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