1.When is an instrument payable to order?

2.The Land Registration Authority paid the owner of a land it purchased with land certificates "payable to bearer on demand if presented for payment after five years from the date of issue."Is the certificate payable on demand?

3.Sec. 7, Par. 2 of the Negotiable Instruments Law provides "Where an instrument is issued, accepted or indorsed when overdue, it is, as regards the personso issuing, accepting or indorsing it, payable on demand."What is the legal extent of this provision?

4.Can a bill of exchange be dawn payable at a fixed period after date or after sight?

5.When is an instrument payable on demand?

6.Suppose an instrument is made "payable to X or order P50, 000.00 on August 31, 2020 and the performance of additional act in default thereof", is this a negotiable instrument?

7.A promissory note states "Payable to P or order P50K 30 days after date. M" But, M forgot to put the correct date.If "P" ante-dated the note so that he can collect earlier.(a)What is the effect of the date as to M?(b)What happens if P after ante-dating it negotiated the promissory note to C.Can C collect from M if C is a holder for value?(c)What if C is a holder in due course? Reason out your answers for A, B, C.

8.What is the consequence if a holder inserted a wrong date on an instrument?

9.Who is a holder in due course (HDC)?

10.A bill of exchange payable thirty days after sight was negotiated to "A" whom presented it for acceptance to the drawee on September 1, 2020, but the bill was dishonored."A" negotiated it to "B" on September 10, 2020.Is B a holder in due course? Give reasons.

11.Is a drawee bank obliged to comply with stop payment order if the drawer's account is closed?