2. 职称英语
  3. (a)Define a promissory note.(b)State whether each of the following negotiable i

(a)Define a promissory note.(b)State whether each of the following negotiable i

游客2025-06-21  21
问题 (a)Define a promissory note.
(b)State whether each of the following negotiable instruments is valid.
(i) A bill reads "pay ＄1,000 out of money to be received by you from Mr. Gao".
(ii) A bill of exchange reads "pay ＄10,000, charge the same to the sale proceeds of 100 cartons of toys shipped per SS Mingzen".
(iii) A bill of exchange which is stated as being payable on arrival of goods at a specified port.
(iv) Is a bill of exchange which is payable on a person’s marriage valid?
(v) A bill of exchange is drawn in favour of a minor, a person below the age of eighteen.
(vi) A bill of exchange reads "we hereby request you to pay on our account to the order of Gao＄1,000".
(vii) A bill of exchange reads "pay to our order the sum of ＄5,000 in accordance with your undertaking authorized through Bank of Hongkong".
(viii) Is a cheque which reads "pay order" valid?
(ix) A promissory note reads "I promise to pay on or before Dec 1st, 1998 Mr. Gao or order the sum of ＄10,000 only for value received. Signed".
(x) Is a promissory note which reads "to be paid back in full by 1 July, 1988" valid?
选项
答案 (a) A promissory note is defined as an unconditional promise in writing made by one person to another signed by the maker, engaging to pay, on demand or at a fixed or determinable future time, a sum certain in money, to, or to the order of, a specified person or to bearer.
(b) (i) Not valid
(ii) Valid
(iii) Not valid
(iv) Not valid
(v) Valid
(vi) Not valid
(vii) Not valid
(viii) Valid
(ix) Valid
(x) Not valid
解析
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