alleryStart learning →In a bill of exchange, 'after sight' means after:
AThe date of drawing
BDelivery to payee
CPresentment for sight
DAcceptance or protest
Answer & Solution
Correct answer: D. Acceptance or protest
For a bill the period runs from acceptance, or from noting or protest for non-acceptance.
Keep practising Bills of Exchange and Promissory Notes
Browse all Bills of Exchange and Promissory Notes questions for CA Foundation, or explore more Accounting topics.
Related questions
What sets a demand promissory note apart from one payable at a fixed future date?What does a promissory note contain that an IOU lacks?A bill of exchange requires, at its inception, how many parties?A holder in due course must acquire the instrument for consideration:A sum payable may still be 'certain' although it includes:A signs 'I promise to pay B or order Rs.500.' This is:A signed writing 'Mr B I.O.U Rs.1,000' is, under section 4:Where an instrument may be read as a promissory note or as a bill, the holder: