Question Tag: Order Bill

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  • 4 Marks

BL – May 2017 – L1 – SB – Q6c – Negotiable Instruments

Identification and explanation of the characteristics of an Order Bill and a Bearer Bill under negotiable instruments law.

A Bill may be an “Order Bill” or a “Bearer Bill”.

Required:
i. State the two factors for identifying an “Order Bill”. (2 Marks)
ii. Explain briefly a “Bearer Bill”. (2 Marks)

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  • 4 Marks

BL – May 2017 – L1 – SB – Q6c – Negotiable Instruments

Identification and explanation of the characteristics of an Order Bill and a Bearer Bill under negotiable instruments law.

A Bill may be an “Order Bill” or a “Bearer Bill”.

Required:
i. State the two factors for identifying an “Order Bill”. (2 Marks)
ii. Explain briefly a “Bearer Bill”. (2 Marks)

Login or create a free account to see answers

Login
Register

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