结算习题答案.doc

KEYS

Instruments

Choices:

A2(第2题删除)D(该题不要求)ACABCB10(第10题删除)DBB14(第14题删除)CBC(该题不要求)DB

BDACBCB(删除)DBCDBDACD

Trueorfalse:

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Answerquestions:

1.OpenchequeisalsocalledUncrosssedcheque.Theopenchequecanbeexchangedforcashoverthecounterwhenthepayee/holderpresentsthechequeforpaymenttothedraweebank.

Crossedchequeisthechequewhichiswithtwoparallellinesdrawnonthefaceofit.Thecrossedchequeamountshouldbepaidintoabankaccount.Thecrossedchequewillnotbepaidoverthecounterofthepayingbankandmustbepresentedforpaymentbyacollectingbank.

2.(1)theword“exchange”

(2)anunconditionalorderinwriting

(3)thepersontowhomitisaddressed

(4)signedbythepersongivingit

(5)tenor

(6)asumcertaininmoney

(7)payabletoaspecifiedpersonorhisorderortothebearer

(8)dateofissueandplaceofissue

(9)placeofpayment

3.Thedocumentarybillistheonewhichshouldbeaccompaniedbytherelevantdocumentstocompleteanexporttransactionandwillalwaysbeusedtogetherwiththeshippingdocuments.

4.

Instrument

differences

bill

note

(1)immediateparties

threeparties

twoparties

(2)paymentundertaking

anordertopay

anpromisetopay

(3)acceptancerequirement

requiredforatimebill

notapplicabletoanote

(4)fullset

usuallyinaduplicateset

solenote

5.Therearetwoprincipalpartiesinapromissorynote.Theyarethemakerandthepayee.

CaseAnalysis:

1.

ChinaNationalTextilesImp./Exp.Corp.ShanghaiBranch

ABCCo.

BankofChina,ShanghaiBranch

tenordraft

Billofexchangeintwosets

Thedateofissueisnotinorder..

2.

1)JamesHarison,JohnMartin,FlorenceBrown

2)Theyarejointlyliableonthenote.

3.

ExchangeforUS$3500.00Hangzhou21stOctober,2008

At60daysdatepaytotheorderofHthesumofUnitedStatesDollarsthreethousandfivehundredOnlyf