GALICIA, FRANCINE ALYSSA F.

February 13, 2020

Answers: BLT 5A Assignment on Bills of Exchange

1. bill of exchange 31. twenty-four (24) hours after presentment

2. drawer 32. False
3. drawee 33. False
4. payee 34. True
5. drawer 35. general/unqualified acceptance
6. inland bill of exchange 36. qualified acceptance
7. time draft 37. False
8. banker’s acceptance 38. True
9. trade acceptance 39. True
10. sight/demand draft 40. presentment for acceptance
11. foreign bill of exchange 41. True
12. False 42. True
13. drawee 43. False
14. True 44. False
15. False 45. False
16. bill of exchange 46. True
17. promissory note 47. False
18. bill of exchange 48. protest
19. promissory note 49. a notary public
20. bill of exchange 50. False
21. promissory note 51. protest for better security
22. referee in case of need 52. acceptance for honor
23. True 53. honor of the drawer
24. acceptance (of bill of exchange) 54. False
25. False 55. payment for honor
26. True 56. False
27. False 57. discharge most parties to the bill
28. True 58. bill in a set
29. False 59. False
30. False 60. True