When dishonored by the importer, it is always necessary to make protest under collection.
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Which of the following is a premise of the negotiability of instrument?
A. The instrument is transferable.
B. The instrument has a written clause stating “The draft is not negotiable”.
C. The instrument has a written clause stating “The draft is negotiable”.
D. The instrument contains words prohibiting transfer.
Which of the following expressions concerning the amount on
A. negotiable instrument is not correct?Pay to the order of C Company the sum of RMB 8,000 only.
B. Pay to the order of C Company the sum of Australian dollars 18,000 only by ten equal consecutive monthly installment.
C. Pay to C Company the sum of USD 1,000 only.
D. Pay about 6,000,000 euro.
Which of the following statement concerning protest is not correct?
A. It is a certificate under seal drawn up and signed by a notary public (legal) or court or banking association or other authorized person in the dishonor place.
B. On the reverse of the protest, the copy of the dishonored bill will be attached.
C. The protest fee paid to the notary public is to be borne by the drawer.
Different laws have the same regulation concerning protest.
Which of the following does not belong to reverse remittance?
A. collection
B. demand draft
C. letter of credit
D. telegraphic transfer
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