Top 150+ Solved Business Laws MCQ Questions Answer
Q. Crossing of a cheque effects the
a. Negotiability of the cheque
b. Mode of payment on the cheque
c. Both (a) and (b)
d. None of the above
Q. Notice of dishonour must be given
a. To the drawer and drawee only
b. To the drawer, acceptor and endorser(s) only
c. To all the parties liable on the instrument or to their duly authorized agent
d. To all the parties who are secondarily liable on the instrument or to their duly authorized agent
Q. Presentation is required for
a. Acceptance
b. Sight
c. Payment
d. Any of the above three purposes
Q. Presentment of an acceptance is required in case of
a. Every Bill of exchange
b. Every Bill of exchange payable after sight
c. Every promissory note
d. Every cheque