JAMB Commerce 2011 Objective — Question 13
Question 13 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.
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A document that indicates obligation that is transferable by delivery and endorsement is A. a bill of exchange B. bill of lading C. documentary evidence D. negotiable instrument
- A. A. a bill of exchangeCorrect
- B. B. bill of lading
- C. C. documentary evidence
- D. D. negotiable instrument
Explanation
Bill of exchange is the document/written order to a person requiring them to make a specified payment to the signatory or to a named payee; it is a type of promissory note.
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