Quizzes on Commerce

Quiz No. 5 (Terminology of Commerce)

Question For Team 3

1. Which of the following term is used in calculating the date at which a promissory note or bill of exchange, made payable a stated number of months after date or after sight, or after a certain event, is at maturity, the period stated shall be held to terminate on the day of the month which corresponds with the day on which the instrument is dated, or presented for acceptance or sight, or noted for non-acceptance, or protested for non-acceptance, or the event happens?

	(a) Bills Payable
	(b) Bill, Dishonoured
	(c) Bill, Maturity
	(d) Bill of exchange

TOTAL

Team 4

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