Business Laws MCQs and Notes
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Q 1. A drawee is need to be given a deliberation of
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Q 2. Presentment of an acceptance is required in case of
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Q 3. A minor cannot be a______________ of the instrument
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Q 4. Presentation is required for
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Q 5. Notice of dishonour must be given
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Q 6. Crossing of a cheque effects the
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Q 7. If the words "not negotiable" are used with special crossing in a cheque, the cheque is
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Q 8. If a cheque is refused by the State Bank of India (SBI) due to inadequacy of funds for the cheque to clear, then it is said to be
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Q 9. The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called
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Q 10. Seller has right of resale where
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