A bill of exchange contains ____
An unconditional order
B. A promise
C. A request
D. Endorsee
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The acceptor of bill of exchange is called ____
A. Drawee
B. Drawer
C. Payee
D. Endorsee
The act of transferring the bill from one person to another is called ____
A. Discounting
B. Acceptance
C. Endorsement
D. Retirement
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