A.   It's a written order, signed by the drawer (i.e. the customer) that is used by a drawer to notify the drawee (i.e. the bank) to pay the payee without delay.

        B.   It's a written order, signed by the drawer (i.e. the customer) that is used by a drawer to notify the drawee (i.e. the bank) to stop the payment of a cheque, he had previously issued.

        C.   It's an order issued by the drawer of the cheque to the payee to present the cheque after an occurrence of a future event.

        D.   It'sa written order, signed by the payee that is used by a drawer to notify the drawee (i.e. the bank) to pay after necessary deductions.

        A.   Does not need endorsement.

        B.   It can be paid through the counter of the bank

        C.   Has 30 days maturity period.

        D.   It is only payable through the bank and not payable over the counter.

        A.   Is one that is payable over the counter.

        B.   Is not payable through the bank

        C.   Has no limit on the amount casheable.

        D.   It cannot be endorsed to another person.

        A.   Drawer

        B.   Payee

        C.   Banker

        D.   Drawee

        A.   Amounts in words and figure must correspond.

        B.   The drawer's account need not be correctly specified.

        C.  It must not be mutilated.

        D.   It must be properly signed by the drawer.

        A.   Where there is a payment in due course by drawee or acceptor.

        B.   Where the drawee or acceptor becomes the holder of the bill at or after maturity.

        C.   Where through merger the acceptor becomes the holder of the bill at or after maturity.

        D.   Where there is no express waiver or renunciation by the holder of the bill

        A.  When all the orders it contains have been carried out.

        B.   When nobody is interested in the bill.

        C.   When the bill is of no value again.

        D.   When limited liability is still attached.

        A.   Blank, Special, Unrestrictive and Unconditional

        B.   Blank, Special, Restrictive and Conditional

        C.   Blank, Specialty, Unrestrictive and Conditional

        D.   Blank, Specialized, Restrictive and Unconditional

        A.   It is the process of transferring a bill of exchange from one person to another such that the benefits written on the bill becomes payable to the new holder

        B.   It is the process of signing a bill of exchange by one person at the full glare of a new holder

        C.   It is the process of transferring ownership of a bill of exchange from one person to many new beneficiaries at a time.

        D.  It is the process of writing a bill of exchange from one person to another such that the benefits written on the bill becomes payable to the new holder

        A.   Period/time

        B.   Documentary backing

        C.   Purpose

        D.   Purpose

You can now use you matric number to login as your username and  password in a lowercase.

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