TEMA 6

What does it mean to endorse a promissory note?. A. To pay it. B. To present it to the bank for discounting. C. To transfer the document to a third party so they can collect it. D. To invalidate it.

Which of the following cases is an unpaid commercial instrument?. A. A proforma invoice that has not been accepted. B. A check with insufficient funds. C. A bill of exchange presented for discount at the bank and not paid at maturity. D. None of the above.

Which payment document is issued by the creditor and can be discounted at the bank?. A. Promissory note. B. Bill of exchange. C. Check. D. Receipt.

Which characteristic is correct for a check?. A. It can be presented for discounting. B. It offers maximum legal security against non‑payment. C. It cannot be endorsed. D. None of the above.

The level of collection action for an unpaid item depends on: A. The number of days elapsed since the payment’s due date. B. The customer’s creditworthiness. C. The amount of the debt. D. None of the above.

When there are unpaid commercial instruments: A. If the financial institution has advanced us the money and, at maturity, the customer does not pay the instrument, we only have to repay the amount advanced by the financial institution. B. The full debt, the expenses caused by the non‑payment, and an additional amount in interest can be recovered. C. The financial institution is always responsible for claiming the unpaid amounts from the debtor. D. None of the above is correct.

Regarding promissory notes, we can state that: A. They can be collected immediately through credit discounting at a financial institution. B. One must always wait until maturity to collect them. C. The creditor is the one who issues the promissory note. D. They cannot be endorsed.

Among the types of collection documents: A. Checks have a drawer (the one who issues the check) and a drawee (the one who pays the check). B. A bill of exchange has an issuer (also called the debtor) and a receiver (also called the creditor). C. A receipt has an issuer (also called the drawer) and a receiver (also called the beneficiary). D. None of the above is correct.

Which document cannot be endorsed?. A. A bill of exchange. B. A promissory note. C. A receipt. D. A check.

Which document offers greater legal security for claiming payment?. A. A bill of exchange. B. A promissory note. C. A receipt. D. A check.

If a customer does not pay a commercial instrument that we have discounted through a credit line at its maturity: A. The bank will claim the payment from the customer. B. The bank will charge us the amount, the interest, and the expenses. C. The bank will charge us the amount and the expenses. D. The bank will charge us the amount.

Which collection method allows automated processing with the bank?. A. Promissory note. B. Bill of exchange. C. Check. D. Receipt.

If a customer does not pay a commercial instrument that we have discounted through a credit line at its maturity: A. The bank will claim the payment from the customer. B. The bank will charge us the amount, the interest, and the expenses. C. The bank will charge us the amount and the expenses. D. The bank will charge us the amount.

Which payment document cannot be discounted through a company’s credit line at a bank?. A. Promissory note. B. Bill of exchange. C. Check. D. None of the above.

Which of the following cases is an unpaid commercial instrument?. A. A proforma invoice that has not been accepted. B. A check with insufficient funds. C. A bill of exchange presented for discount at the bank and not paid at maturity. D. None of the above.