1. an instrument is rendered non-negotiable if

a. there is an indication of a particular fund out of which reimbursement is to be made

b. there is an indication of a particular account to be debited with the amount

c. the instrument is payable out of a particular fund

d. answer not given

2. which of the following is not negotiation of a negotiable instrument?

a. delivery to the payee

b. delivery of a bearer instrument

c. indorsement completed by delivery of an instrument payable to order

assignment

d. none of the above

3. an indorsement is restrictive, which either

a. prohibits the further negotiability of the instrument

b. constitute the indorsee the agent of the indorser

c. vest the title in the indorsee in trust for or to the use of some other person

d. all of the above

e. none of the above

4. give the instrument herein listed which is not negotiable as it is beyond the scope of the negotiable instrument law

a. certificate of deposit

b. due bill

c. post office money order

d. trade acceptance

e. none of the above

5. absence or failure of consideration is a matter of defense against any person

a. holder in due course

b. not a holder in due course

c. who is holder of instrument

d. none of the above

e. all of the above