CA Foundation · Businesslaw · Negotiable Instruments

Exercise and reference answers

Matching pairs

1. Left

   Promissory Note

   Right

   Unconditional promise to pay (Section 4)

2. Left

   Bill of Exchange

   Right

   Unconditional order to pay (Section 5)

3. Left

   Cheque

   Right

   Bill drawn on a banker, payable on demand

Instructions

Match each NI Act term to its definition.