结算习题答案.docVIP

KEYS Instruments Choices: A2(第2题删除)D(该题不要求)AC ABCB10(第10题删除) DBB14(第14题删除)C BC(该题不要求)DB BD AC BC B(删除) D B CD BD ACD True or false: TFFFF FTTFT TTFFF FTFF Answer questions: 1. Open cheque is also called Uncrosssed cheque. The open cheque can be exchanged for cash over the counter when the payee/holder presents the cheque for payment to the drawee bank. Crossed cheque is the cheque which is with two parallel lines drawn on the face of it. The crossed cheque amount should be paid into a bank account. The crossed cheque will not be paid over the counter of the paying bank and must be presented for payment by a collecting bank. 2.(1)the word “exchange” (2)an unconditional order in writing (3)the person to whom it is addressed (4)signed by the person giving it (5)tenor (6)a sum certain in money (7) payable to a specified person or his order or to the bearer (8)date of issue and place of issue (9)place of payment 3. The documentary bill is the one which should be accompanied by the relevant documents to complete an export transaction and will always be used together with the shipping documents. 4. Instrument differences bill note (1)immediate parties three parties two parties (2)payment undertaking an order to pay an promise to pay (3)acceptance requirement required for a time bill not applicable to a note (4)full set usually in a duplicate set sole note 5. There are two principal parties in a promissory note. They are the maker and the payee. Case Analysis: 1. 1) China National Textiles Imp./Exp. Corp. Shanghai Branch 2) ABC Co. 3) Bank of China, Shanghai Branch 4) tenor draft 5) Bill of exchange in two sets 6) The date of issue is not in order.. 2. 1) James Harison, John Martin, Florence Brown 2) They are jointly liable on the note. 3. Exchange for US$ 3500.00 Hangzhou 21st October, 2008 At 60 days date pay to the order of H the sum of United States Dollars three thousand f