Key in the bill number

Exercise and reference answers

Questions

1. Answer

   3

   Question

   How many days of grace does an instrument payable otherwise than on demand get?

2. Answer

   5

   Question

   A bill dated 1 March runs for two months. In which month does its term expire?

3. Answer

   12

   Question

   Under which section of the Negotiable Instruments Act is a non-inland instrument foreign?

Instructions

Work out each answer and key it in on the pad.

Explanation