26. A bank draft is a type of:
a) Promissory note
b) Bearer cheque
c) Impossible instrument
d) Negotiable instrument
27. A post-dated cheque is:
a) Not a valid negotiable instrument
b) Issued with a future date
c) Issued with an incorrect date
d) Issued without a date
28. Which of the following is not a type of endorsement?
a) Special endorsement
b) Restrictive endorsement
c) Conditional endorsement
d) Qualified endorsement
29. The maturity date of a bill of exchange is:
a) The date on which the bill is issued
b) 30 days from the date of issue
c) The date on which the bill is accepted
d) The date on which the bill becomes due for payment
30. A promissory note is drawn by the:
a) Holder of the instrument
b) Payee of the instrument
c) Maker of the instrument
d) Drawee of the instrument
