Question

a bill of exchange cannot be: (a) endorsed (b) crossed (c) accepted (d) none of these​

Answer 1

Answer:

accepted

Explanation:

... A bill of exchange is a document used in transactions that orders the payer to pay a certain amount of money to the payee. It is a guarantee of payment on demand or on a specified date, and it cannot be voided or canceled, like a check.

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Answer 2

A bill of exchange cannot be crossed (option b) is the correct answer.

• Bill of exchange is a written order from one person to another, instructing the latter to pay on demand or at a definite or certain determinable future period.
• Anybody can be drawn on it. Even bankers can also be drawee in case of a bill of exchange. Therefore it should be not be crossed.
• Bill of exchange can be endorsed when the bill's originator assigns the bill's title to his or her creditors.
• It is accepted when drawee signs the acceptance of a bill of exchange that is provided to him by the drawer.
• Hence, a bill of exchange can be endorsed and accepted by it cannot be crossed.