Practice - Conclusion
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What is a Bill of Exchange?
💡 Hint: Think about who issues the payment directive.
Name the three parties involved in a Bill of Exchange.
💡 Hint: Remember the acronym D-D-P.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is a Bill of Exchange?
💡 Hint: Focus on the term 'order for payment.'
True or False: The Drawee is the entity responsible for paying the mentioned sum in a bill.
💡 Hint: Consider the role of each party.
2 more questions available
Challenge Problems
Push your limits with advanced challenges
A company draws a Bill of Exchange for $10,000 due in three months. The drawee, however, has a history of dishonoring payments. Discuss the strategic options the drawer may consider before proceeding.
💡 Hint: What alternatives exist to ensure payment?
Imagine a scenario where a merchant sells goods worth $5,000 and draws a Bill of Exchange. The drawee agrees but then enters bankruptcy before payment. Analyze the possible recourse for the merchant.
💡 Hint: Think about legal recourse options in such situations.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.