The act of transferring the bill from one person to another is called ____
A. Discounting
B. Acceptance
C. Endorsement
D. Retirement
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The period of time after which a bill becomes payable, is called ____
A. Days of Grace
B. Usance
C. Tenor
D. None of these
The formal certificate of dishonoring the bill, issued by notary public is called ____
A. Nothing
B. Nothing Charges
C. Footing
D. Protest
A promissory note contains ____
A. Unconditional order
B. A promise
C. A conditional order
D. None of these
No. of parties in promissory note are ____
A. Two
B. Three
C. Four
D. Five
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