Get premium membership and access questions with answers, video lessons as well as revision papers.
1. It can only be drawn on a banker
2. It is payable on demand
3. It does not require acceptance
4. Non-presentation does not discharge it
5. It is less negotiable
6. It may be crossed generally or specially
7. Notice of dishonour is not necessary
sharon kalunda answered the question on April 12, 2019 at 13:43
- Outline the characteristics of Negotiable Instruments.(Solved)
Outline the characteristics of Negotiable Instruments.
Date posted: April 12, 2019. Answers (1)
- What is a negotiable instrument?(Solved)
What is a negotiable instrument?
Date posted: April 12, 2019. Answers (1)
- State ways in which an Agency is created.(Solved)
State ways in which an Agency is created.
Date posted: April 12, 2019. Answers (1)
- How does bailment differ from agency?(Solved)
How does bailment differ from agency?
Date posted: April 12, 2019. Answers (1)
- What is the difference between Trust and Agency?(Solved)
What is the difference between Trust and Agency?
Date posted: April 12, 2019. Answers (1)
- Highlight TWO similarities between Agency and Trust.(Solved)
Highlight TWO similarities between Agency and Trust.
Date posted: April 12, 2019. Answers (1)
- Discuss the essentials of an insurance contract?(Solved)
Discuss the essentials of an insurance contract?
Date posted: April 12, 2019. Answers (1)
- What is insurance?(Solved)
What is insurance?
Date posted: April 12, 2019. Answers (1)
- Highlight the factors that are NOT affected by Non Registration of a Partnership Form of Business Organization.(Solved)
Highlight the factors that are NOT affected by Non Registration of a Partnership Form of Business Organization.
Date posted: April 12, 2019. Answers (1)
- Highlight the consequences of Non Registration of a Partnership Form of Business Organization.(Solved)
Highlight the consequences of Non Registration of a Partnership Form of Business Organization.
Date posted: April 12, 2019. Answers (1)
- Outline the types of members in a partnership.(Solved)
Outline the types of members in a partnership.
Date posted: April 12, 2019. Answers (1)
- State the characteristics of contract of guarantee.(Solved)
State the characteristics of contract of guarantee.
Date posted: April 12, 2019. Answers (1)
- Discuss three types of contract of guarantee.(Solved)
Discuss three types of contract of guarantee.
Date posted: April 12, 2019. Answers (1)
- Outline the two types of indemnities.(Solved)
Outline the two types of indemnities.
Date posted: April 12, 2019. Answers (1)
- Highlight ways in which the hire purchase act attempts to protect the hirer for exploitation. (Solved)
Highlight ways in which the hire purchase act attempts to protect the hirer for exploitation.
Date posted: April 12, 2019. Answers (1)
- State the purposes served by the registration of a hire purchase agreement.(Solved)
State the purposes served by the registration of a hire purchase agreement.
Date posted: April 12, 2019. Answers (1)
- Highlight the circumstances under which the Registrar may refuse to register a Hire Purchase Agreement.(Solved)
Highlight the circumstances under which the Registrar may refuse to register a Hire Purchase Agreement.
Date posted: April 12, 2019. Answers (1)
- State the content of the Hire Purchase agreement. (Solved)
State the content of the Hire Purchase agreement.
Date posted: April 12, 2019. Answers (1)
- Outline the content of the hire purchase contract. (Solved)
Outline the content of the hire purchase contract.
Date posted: April 12, 2019. Answers (1)
- Highlight the circumstances that can make the contracts of sale of goods void.(Solved)
Highlight the circumstances that can make the contracts of sale of goods void
Date posted: April 12, 2019. Answers (1)