Question

A negotiable instrument means_________________

A A is an instrument payable to order and to bearer Correct Answer Incorrect Answer
B A promissory note, bill of exchange or cheque payable either to order or to bearer Correct Answer Incorrect Answer
C A promissory note, bill of exchange or cheque payable either to order and to bearer Correct Answer Incorrect Answer
D A promissory note, bill of exchange payable either to order or to bearer Correct Answer Incorrect Answer

Solution

Section 13.  ''Negotiable instrument''-(1) A negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer.

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