If an instrument may be construed either as a promissory note or bill of exchange, it is

Related MCQs

• A Promissory Note is NOT a Document of Title to Goods.
• The undertaking contained in a promissory note, to pay a certain sum of money is
• In a promissory note, the amount of money payable
• The Seller of Goods is deemed to be an Unpaid Seller when a bill of exchange or other negotiable instrument has been received as conditional payment and the condition —
• Under section 16 of the Negotiable Instrument Act, 'endorsement in blank' of an instrument means
• If a minor draws, endorses, delivers or negotiates an instrument, such instrument binds
• The presumption as to the date of a negotiable instrument under section 118 is that, every negotiable instrument bearing a date was made or drawn
• When a bill of exchange in sent together with documents of title, the property in goods passes when the buyer.
• A bill of exchange contains a/an
• Under Section 36 of this Act an outgoing partner may carry on business competing with that of the firm and he may advertise such business, but, subject to contract to the contrary he may not