Select the correct option and rewrite the sentence:
i. When the acceptor accepts the bill with certain conditions, the acceptance is called ________ Acceptance.
(a) Qualified
(b) General
(c) Clean
(d) Special
ii. The drawee becomes an ________ on acceptance of a bill.
(a) acceptor
(b) owner
(c) endorser
(d) drawer
iii. Borrowing money from a bank on the security of a bill of exchange is called ______
(a) Honouring
(b) Endorsing
(c) Discounting
(d) Retiring
iv. A bill of exchange is/can be discounted with the _________
(a) bank
(b) payee
(c) money lenders
(d) government
v. Transferring a bill of exchange before maturity to a third party is called _______ of a bill of exchange.
(a) honouring
(b) endorsement
(c) retirement
(d) discounting
