QUIZ 2: ABL 4

TRUE OR FALSE
1. In a promissory note, the maker is primarily liable and in order for liability to attach a presentment for acceptance must be made.
2. A check is a bill of exchange drawn on a bank and payable on demand.
3. A bill of exchange may be may be payable on demand or at a fixed determinable future time.
4. A drawer is the person who draws the bill of exchange and orders the drawee to pay a sum certain in money.
5. A maker is the person who makes the promissory note and promises to pay the amount stated therein.
6-10. ENUMERATE the instances when a negotiable instrument is payable to bearer.
10-15. DISTINGUISH a Negotiable Instrument from a Non-negotiable instrument

QUIZ 2: ABL 4

TRUE OR FALSE
1. In a promissory note, the maker is primarily liable and in order for liability to attach a presentment for acceptance must be made.
2. A check is a bill of exchange drawn on a bank and payable on demand.
3. A bill of exchange may be may be payable on demand or at a fixed determinable future time.
4. A drawer is the person who draws the bill of exchange and orders the drawee to pay a sum certain in money.
5. A maker is the person who makes the promissory note and promises to pay the amount stated therein.
6-10. ENUMERATE the instances when a negotiable instrument is payable to bearer.
10-15. DISTINGUISH a Negotiable Instrument from a Non-negotiable instrument

QUIZ 2: ABL 4

TRUE OR FALSE
1. In a promissory note, the maker is primarily liable and in order for liability to attach a presentment for acceptance must be made.
2. A check is a bill of exchange drawn on a bank and payable on demand.
3. A bill of exchange may be may be payable on demand or at a fixed determinable future time.
4. A drawer is the person who draws the bill of exchange and orders the drawee to pay a sum certain in money.
5. A maker is the person who makes the promissory note and promises to pay the amount stated therein.
6-10. ENUMERATE the instances when a negotiable instrument is payable to bearer.
10-15. DISTINGUISH a Negotiable Instrument from a Non-negotiable instrument

QUIZ 2: ABL 4

TRUE OR FALSE
1. In a promissory note, the maker is primarily liable and in order for liability to attach a presentment for acceptance must be made.
2. A check is a bill of exchange drawn on a bank and payable on demand.
3. A bill of exchange may be may be payable on demand or at a fixed determinable future time.
4. A drawer is the person who draws the bill of exchange and orders the drawee to pay a sum certain in money.
5. A maker is the person who makes the promissory note and promises to pay the amount stated therein.
6-10. ENUMERATE the instances when a negotiable instrument is payable to bearer.
10-15. DISTINGUISH a Negotiable Instrument from a Non-negotiable instrument

QUIZ 2: ABL 4

TRUE OR FALSE
1. In a promissory note, the maker is primarily liable and in order for liability to attach a presentment for acceptance must be made.
2. A check is a bill of exchange drawn on a bank and payable on demand.
3. A bill of exchange may be may be payable on demand or at a fixed determinable future time.
4. A drawer is the person who draws the bill of exchange and orders the drawee to pay a sum certain in money.
5. A maker is the person who makes the promissory note and promises to pay the amount stated therein.
6-10. ENUMERATE the instances when a negotiable instrument is payable to bearer.
10-15. DISTINGUISH a Negotiable Instrument from a Non-negotiable instrument

QUIZ 2: ABL 4

TRUE OR FALSE
1. In a promissory note, the maker is primarily liable and in order for liability to attach a presentment for acceptance must be made.
2. A check is a bill of exchange drawn on a bank and payable on demand.
3. A bill of exchange may be may be payable on demand or at a fixed determinable future time.
4. A drawer is the person who draws the bill of exchange and orders the drawee to pay a sum certain in money.
5. A maker is the person who makes the promissory note and promises to pay the amount stated therein.
6-10. ENUMERATE the instances when a negotiable instrument is payable to bearer.
10-15. DISTINGUISH a Negotiable Instrument from a Non-negotiable instrument