Question No. 5
• The amount of instrument is paid after a certain period of time is called as
Answer
A.O Ambiguous Instrument
C.O Instrument at sight
B.O Instrument after sight
D.O Incomplete Instrumen
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Answer:
D.o
Explanation:
because you have gave the half of money after sometime
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The answer is bill after sight.
In banking, a Bill of exchange is generally payable promptly (immediately) or countless days after sight (ordinarily following 60 or 90 days). Premium might be payable at a fixed or variable rate after the due date. Specific statements are standard in specific exchanges. The bill might be arranged or vowed via security to raise assets preceding its expected date. Bill of Exchange after Sight implies the due date is counted from the date of acknowledgment of the bill and is additionally called a bill of trade after sight.
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