WAEC Commerce 2021 Objective — Question 28
Question 28 of 50 from the West African Examinations Council (WAEC) Commerce 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
Which of the following means of payment requires acceptance by the debtor to make it valuable?
- A. Bearer's cheque
- B. Bill of exchangeCorrect
- C. Postal order
- D. Promissory note
Explanation
A bill of exchange requires acceptance by the debtor to be valid; refusal makes it invalid.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.