Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose the draft is accepted by the citi bank on 10th April, 2020. That is the naturity date of the bill of exchange as stated

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Suppose the draft is accepted by the citi bank on 10th April, 2020. That is the naturity date of the bill of exchange as stated above? A 10th April, 2020 B 25th April, 2020 C 25th May, 2020 D 20th March, 2021 E 25th April, 2021 Which business entity is the drawee of the instrument? (215) A Shanghai Alpha Co. B The Citi Bank c Ocean Pacific Inc. D Department of Finance E Department of Finance, Shanghai 132/750 DEN Suppose the holder of the financial instrument, as stated above, presented it to the dravee, and failed to obtain the acceptance from the corr esponding business entity on 31st March, 2020. He decided to protest on 5th April, 2020. After that, he was notified that the draft was accept ed for honor supra protest on 10th April, 2020. That is the maturity date for this draft as stated above? (129) A 5th May, 2020 B 15th May, 2000 C oth May 2030 D 15th May 2000 Suppose the holder of the financial instrument, as stated above, presents it to the drawer, and fails to obtain the acceptance from the corres ponding business entity, what is the correct procedures for holder to follow according to Chinese negotiable instrument law? (119) A Recourse for the payment and protest B Notify all related parties and recourse for the payment C Protest notify all related parties, and recourse for the payment D a rn, notify all related parties, protest, and recourse for the payment Which business entity is the beneficiary of the instrument? ( 1) A Shanghai Alpha Co. B The Citi Bank, New York, USA C Ocean Pacific Inc. D Department of Finance E Department of Finance, Shanghai Which business entity is the drawer of the instrument? ( 19) A The Citi Bank B Shanghai Alpha Co. C Ocean Pacific Inc. D Department of Finance E Department of Finance, Shanghai What is the issuing date and place of the instrument? (2015)) A 20th March 2020, New York, USA B 21st March 2020, New York, USA C 22nd Marek 2020, New York, USA D 20th March 2020, Shanghai, China E 21st March 2020, Shanghai, China Suppose the draft is accepted by the citi bank on 10th April, 2020. That is the naturity date of the bill of exchange as stated above? A 10th April, 2020 B 25th April, 2020 C 25th May, 2020 D 20th March, 2021 E 25th April, 2021 Which business entity is the drawee of the instrument? (215) A Shanghai Alpha Co. B The Citi Bank c Ocean Pacific Inc. D Department of Finance E Department of Finance, Shanghai 132/750 DEN Suppose the holder of the financial instrument, as stated above, presented it to the dravee, and failed to obtain the acceptance from the corr esponding business entity on 31st March, 2020. He decided to protest on 5th April, 2020. After that, he was notified that the draft was accept ed for honor supra protest on 10th April, 2020. That is the maturity date for this draft as stated above? (129) A 5th May, 2020 B 15th May, 2000 C oth May 2030 D 15th May 2000 Suppose the holder of the financial instrument, as stated above, presents it to the drawer, and fails to obtain the acceptance from the corres ponding business entity, what is the correct procedures for holder to follow according to Chinese negotiable instrument law? (119) A Recourse for the payment and protest B Notify all related parties and recourse for the payment C Protest notify all related parties, and recourse for the payment D a rn, notify all related parties, protest, and recourse for the payment Which business entity is the beneficiary of the instrument? ( 1) A Shanghai Alpha Co. B The Citi Bank, New York, USA C Ocean Pacific Inc. D Department of Finance E Department of Finance, Shanghai Which business entity is the drawer of the instrument? ( 19) A The Citi Bank B Shanghai Alpha Co. C Ocean Pacific Inc. D Department of Finance E Department of Finance, Shanghai What is the issuing date and place of the instrument? (2015)) A 20th March 2020, New York, USA B 21st March 2020, New York, USA C 22nd Marek 2020, New York, USA D 20th March 2020, Shanghai, China E 21st March 2020, Shanghai, China

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions