Q. Which of these is a negotiable instrument?

A
Demand draft
B
Banker's cheque
C
Promissory note
D
All of the above
Solution:

A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, with the payer usually named on the document.

Entri PDF Icon

Get Question Bank

Strengthen Your Practice with our comprehensive question bank.

Entri Contact Image

Get Expert Advice for Free: Register for Your Free Consultation Now!