The Two Classes of Negotiable Instruments Are

question 44

Multiple Choice

The two classes of negotiable instruments are

• A)promissory notes and drafts.
• B)promissory notes and cheques.
• C)those governed by the Bills of Exchange Act and those governed by other statutes and other laws.
• D)sight drafts and time drafts.
• E)those governed by the Bills of Exchange Act and share certificates.

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Definitions:

Light-Dependent Reactions

The photosynthesis phase where light energy is converted into chemical energy in the form of ATP and NADPH.

Noncyclic Pathway

A linear process in photosynthesis where electrons move from water to NADPH without cycling back to the original state.

Cyclic Pathway

A series of biochemical reactions that occur in a sequence where the last step regenerates a reactant for the first step, forming a cycle, such as in the citric acid cycle.

Fossil Fuels

Natural fuels formed from the remains of ancient organisms, such as coal, oil, and natural gas, used as a source of energy.