1. Enumerate the requirements as to form and content of an instrument in order that it will be negotiable under the law. 2. The drawee of a bill of exchange:dishonors or refuses to pay it. will he be liable (a) to the payee: (b) to the drawer? Explain. 3. Is ante-dating or post-dating an instrument illegal? Explain and illustrate. 4. In case of forged instruments, who are not allowed by law to set up the defense of forgery, and are, therefore, made a liable to the holder? 5. May a person be held liable on an instrument although his signature does not appear thereon? Explain. 6. When is a promise or order to pay unconditional? Give two (2) examples of terms appearing in an instrument which will not make the promise or order conditional. 7. Suppose an instrument contains a promise or order to do an act in addition to the payment of money. will it render the instrument non-negotiable?Explain. 8. when an instrument payable to bearer? give the reason why an instrument payable to a fictitious person is treated as a bearer instrument. 9. who is the original parties to a:(a) promisory note (b) bill of exchange? identify them. 10. is the sum payable certain although the instrument is to be paid with costs incurred on collecting the same plus attorney's fees? Why? 11. Will the doing of an act in addition to the payment of money, make an instrument non-negotiable? Explain. 12. give the requisites in order that an agent who signs a negotiable instrument on behalf of a principal may not be held personally liable to the payee or holder.

3. Legal tender; 4. Procuration; 5. Non-negotiable instrument; 6. Fictitious person; 7. Immediate parties; 8. Remote parties; II. Discussions 1. Enumerate the requirements as to form and content of an instrument in order that it will be negotiable under the law. 2. The drawee of a bill of exchange: dishonors or refuses to pay it. Will he be liable (a) to the payee; (b) to the drawer? Explain. 3. Is ante-dating or post-dating an instrument illegal? Explain and illustrate. 4. In case of forged instruments, who are not allowed by law to set up the defense of forgery, and are, therefore, made liable to the holder? 5. May a person be held liable on an instrument although his signature does not appear thereon? Explain. 6. When is a promise or order to pay unconditional? Give two (2) examples of terms appearing in an instrument which will not make the promise or order conditional. 7. Suppose an instrument contains a promise or order to do an act in addition to the payment of money. Will it render the instrument non-negotiable? Explain. 8. When an instrument payable to bearer? Give the reason why an instrument payable to a fictitious person is treated as a bearer instrument 9. Who is the original parties to a: (a) promissory note? (b) Bill of exchange? Identify them. 10. Is the sum payable certain although the instrument is to be paid with costs incurred on collecting the same plus attorney's fees? Why? 11. Will the doing of an act in addition to the payment of money, make an instrument non-negotiable? Explain