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1、Exercisethreen一、一、TranslatethefollowingtermsintoEnglishn1 1、一般划线支票：一般划线支票： General crossingGeneral crossingcheckcheckn2 2、特殊划线支票：特殊划线支票：Special crossing Special crossing checkcheckn3 3、过期支票：过期支票：check is out of check is out of daten4 4、未到期支票：未到期支票：Undatedcheckcheckn5 5、大小写金额：大小写金额：words and figuresw
2、ords and figuresn6 6、空白背书：空白背书：blankendorsementn7 7、特别背书：特别背书：specialendorsementn8 8、限制性背书：限制性背书：Restrictiveendorsement:n9 9、跟单汇票：跟单汇票：documentarybilln1010、即期汇票：即期汇票：sightbilln1111、远期汇票：、远期汇票：timebillorusancebilln1212、承兑汇票：承兑汇票：acceptancebilln1313、可确定的未来某一天：可确定的未来某一天：determinablefuturetimen1414、光票：光
3、票：cleanbilln1515、流通票据：流通票据：negotiableinstrumentn1616、贴现行：贴现行：discountinghousen1717、商人银行：商人银行：commercialbankn1818、无条件的付款承诺：无条件的付款承诺：Anunconditionalpromisetopayn1919、负连带责任：负连带责任：implicative responsibility implicative responsibility n2020、出票后出票后9090天付款：天付款：At90dayssightpay二、二、Definethefollowingtermsn1.
4、1.NegotiableInstrumentsnAnegotiableInstrumentisachoseinaction,thefullandlegaltitletowhichistransferablebydeliveryoftheinstrument(possiblywiththetransferorsendorsement)withtheresultthatcompleteownershipoftheinstrumentandallthepropertyitrepresentspassesfreelyfromequitiestothetransferee,providingthelat
5、tertakestheinstrumentingoodfaithandvalue.n流通票据是一种法定的财产，这种财产的全部或法定的权益可以流通票据是一种法定的财产，这种财产的全部或法定的权益可以通过交付进行转让（凭转让方背书），其转让的结果是只要受让通过交付进行转让（凭转让方背书），其转让的结果是只要受让人是正当取得或者支付对价而取得该财产，该票据的全部所有权人是正当取得或者支付对价而取得该财产，该票据的全部所有权及其所代表的财产权益将转移给受让人。及其所代表的财产权益将转移给受让人。n2.billofexchangenA bill of exchange is an unconditioa
6、nl order,addressed by one person (the drawer)to another(thedrawee)signedbythepersongivingit,requiringthepersontowhomitisaddressed(thedrawee,whowhenhesignsbecomestheacceptor)inwritingtopayondemand,or at a fixed or determinable future time asumcertaininmoneytoortotheorderofaspecifiedperson,ortobearer(
7、topayee.n汇票是一人开给另一人的无条件书面命令，由发出命汇票是一人开给另一人的无条件书面命令，由发出命令的人签名，要求接受命令的人立即火灾可以确定的令的人签名，要求接受命令的人立即火灾可以确定的将来时间把一定金额的货币支付给一个特定的人，或将来时间把一定金额的货币支付给一个特定的人，或他的指定人，或持票人。他的指定人，或持票人。n3.checknAcheckisanunconditionalorderinwritingaddressedbythecustomer(thedrawer)toabank(thedrawee)signedbythatcustomerauthorizingthe
8、banktopayondemandaspecifiedsumofmoneytoortotheorderofanamedpersonortobearer(thepayee).n 支票是由银行开出，由出票人签字，授权银行对某支票是由银行开出，由出票人签字，授权银行对某人或其指定人或持票人即期支付一定货币金额的无条人或其指定人或持票人即期支付一定货币金额的无条件支付命令。件支付命令。n4.documentarybill:nitisabillwithshippingdocumentsattachedthereto.n跟单汇票就是汇票后面附有运输单据。跟单汇票就是汇票后面附有运输单据。n5. 5. cr
9、ossingcrossingnA crossing is in effect an instruction to A crossing is in effect an instruction to paying bank from the drawer or holder to pay paying bank from the drawer or holder to pay the fund to a bank only. Hence, such checks the fund to a bank only. Hence, such checks will not be paid over t
10、he counter of the will not be paid over the counter of the paying bank and must be presented for payment paying bank and must be presented for payment by a collecting bank.by a collecting bank.n 支票的划线实际上是出票人或持票人提示付款银行支票的划线实际上是出票人或持票人提示付款银行只能经资金存入银行帐户的指示。因此，划线支票不只能经资金存入银行帐户的指示。因此，划线支票不能在付款银行取现，必须由代收行
11、向付款行提示付款。能在付款银行取现，必须由代收行向付款行提示付款。三、三、decide whether the following statements are decide whether the following statements are true or falsetrue or falsen1. 1. In a In a Promissorynote,thedrawerandthepayerarethesameperson(T)n2.APromissorynoteisanunconditionalorderinwriting.(F)n3.ThereisnoacceptorinaPr
12、omissorynote.(T)n4. 4. A A bank bank draft draft is is a a checkcheck drawn drawn by by one one bank bank on on anotheranother.(F)n5. A trade bill is usually a 5. A trade bill is usually a documentarybill ( F ) ( F )n6. 6. The The interest interest in in a a bill bill of of exchange exchange can can
13、 only only be be transferred by endorsement( T )transferred by endorsement( T )n7. 7. An An endorser endorser of of a a bill bill is is liable liable on on it it to to subsequent subsequent endorsers and holders of the bill( T )endorsers and holders of the bill( T )n8. 8. The The person person who w
14、ho draws draws the the bill bill is is called called the the drawer( drawer( T )T )n9. 9. Bill Bill of of exchange exchange drawn drawn by by and and accepted accepted by by commercial commercial firms are known as trade bills( F )firms are known as trade bills( F )n10. Trade bills are usually docum
15、entary bills(F )10. Trade bills are usually documentary bills(F )n11. 11. Endorsements Endorsements are are needed needed when when checks checks in in favor favor of of a a sole payee are credited to a joint account ( F ) sole payee are credited to a joint account ( F ) n12. An open check can be pa
16、id into a bank account ( T )12. An open check can be paid into a bank account ( T )n13. An open check can be cashed over the account (T)13. An open check can be cashed over the account (T)n14. A crossed check can be cashed over the account (F14. A crossed check can be cashed over the account (Fn15.
17、15. The The payment payment of of a a check check cannot cannot depend depend upon upon certain certain conditions being met(T )conditions being met(T )n16. 16. In In a a check, check, the the drawer drawer and and the the payer payer are are the the same same person(F )person(F )n17. 17. If If a a
18、check check is is presented presented undated, undated, the the payee payee can can insert insert a date(F )a date(F )n18. A draft is a conditional order in writing(F )18. A draft is a conditional order in writing(F )n19. 19. If If a a bill bill is is payable payable “at “at 30 30 days days after af
19、ter date”, date”, the the date date of of payment payment is is decided decided according according to to the the date date of of acceptance(F )acceptance(F )n20. 20. A A bill bill payable payable “at “at 90 90 days days after after date” date” is is a a sight sight bill(F )bill(F )四、四、Choose the be
20、st answer to each of the Choose the best answer to each of the following statementsfollowing statementsn1.1.The The person person paying paying the the money money is is a a _ _ D D _ _ of of a a check.check.nA. payee B. endorser C. drawer D. endorseeA. payee B. endorser C. drawer D. endorseen2. 2.
21、A A check check is is valid valid for for _ _ A A _ _ months months from from the the date date of of issue, issue, unless unless a a shorter shorter period period is is written written on on the the face face of of it.it.nA. six B. nine C. three D. oneA. six B. nine C. three D. onen3. 3. If If a a
22、check check dated dated 1th 1th Feb. Feb. 2001 2001 was was presented presented on on the the 5 5thth Nov. 2000, it would be_ C _. Nov. 2000, it would be_ C _.nA. A. pre-dated pre-dated B. B. out out of of date date C. C. post post dated dated D. D. undatedundatedn4. 4. If If a a check check dated d
23、ated 1th 1th Feb. Feb. 2001 2001 was was presented presented on on the the 5 5ththOct. 2001, it would be_ B _.Oct. 2001, it would be_ B _.nA. pre-dated B. out of date C. post dated D. A. pre-dated B. out of date C. post dated D. undatedundatedn5. 5. The The effect effect of of a a blank blank endors
24、ement endorsement is is to to make make the the check payable to the _ C _.check payable to the _ C _.nA. order of a specified person B. specified personA. order of a specified person B. specified personnC.C. beraer beraer D. named personD. named personn6. 6. Banks Banks usually usually ask ask for
25、for endorsements endorsements when when checks checks in in favor of _ B _payees are credited to a _account.favor of _ B _payees are credited to a _account.n A. joint- joint B. joint-sole A. joint- joint B. joint-sole n C. sole_ joint D. sole -sole C. sole_ joint D. sole -solen7. 7. “Payee “Payee J.
26、 J. Smith Smith endorsed endorsed James James Smith Smith pay pay to to L.Green”, this is a_ A _ endorsement.L.Green”, this is a_ A _ endorsement.nA. specific B. blank C. general D. restrictiveA. specific B. blank C. general D. restrictiven8.If If a a bill bill is is payable payable “60 “60 days day
27、s after after date”, date”, the the date date of payment is decided according to_ C _.of payment is decided according to_ C _.nA. the date of acceptance B. the date of presentationA. the date of acceptance B. the date of presentationnC. the date of the bill D. the date of maturityC. the date of the
28、bill D. the date of maturityn9.9.A_ A_ A A _ _ carries carries comparatively comparatively little little risks risks and and can can be be discounted discounted at at the the finest finest rate rate of interest.of interest.nA. A. sight sight bill bill B. B. blank blank bill bill C. C. commercial com
29、mercial bill D. trade billbill D. trade billn2.2.A A term term bill bill may may be be accepted accepted by by the the _ _ B .B .nA. drawer B.A. drawer B. drawee drawee C. holder D. payeeC. holder D. payeen11. 11. The The party party to to whom whom the the bill bill is is addressed addressed is is
30、called the _ B _.called the _ B _.nA. drawer B.A. drawer B.drawee drawee C. holder D. payeeC. holder D. payeen12. 12. When When financing financing is is without without recourse, recourse, this this means means that that the the bank bank has has no no recourse recourse to to _ _ D D _if such draft
31、s are dishonored._if such drafts are dishonored.nA. payer B.A. payer B.drawee drawee C. payee D. drawerC. payee D. drawern13. 13. Only Only by by endorsement endorsement can can the the interest interest in in the the bill bill be be transferred by_ D _.transferred by_ D _.nA. A. the the drawer draw
32、er B. B. payee payee oror drawee drawee C. C. payee payee or or bearer bearer D. D. holder or drawerholder or drawern14. 14. APromissorynoteis“inchoate”untilithasbeendeliveredtothe_C C_.nA. A. payer payer or or bearer bearer B. B. payee payee oror draweedrawee C. C. payee payee or or bearer bearer D
33、. holder or drawerD. holder or drawern15. 15. The The _ _ C C _of _of a a Promissorynotehasprimeliabilitywhiletheotherpartieshavesecondaryliability.nA. holder B.A. holder B. drawee drawee C. maker D. acceptorC. maker D. acceptorn16. 16. An An acceptance acceptance with with the the wording wording “
34、payable “payable on on delivery delivery of bill of lading” is _ B _.of bill of lading” is _ B _.nA. a general acceptance B. qualified acceptanceA. a general acceptance B. qualified acceptancen C. non acceptance D. partial acceptance C. non acceptance D. partial acceptancen17. _ 17. _ B _must be acc
35、epted by theB _must be accepted by the drawee drawee before payment. before payment.nA.A sight bill B.A bill payable xx days after sightA.A sight bill B.A bill payable xx days after sightnC. C. APromissorynote D. A bill payable xx days after date D. A bill payable xx days after daten18. A(n) _ A _ i
36、s a financial document.18. A(n) _ A _ is a financial document.nA. bill of exchange B. bill of ladingA. bill of exchange B. bill of ladingnC. insurance policy D. commercial invoiceC. insurance policy D. commercial invoicen19.In 19.In order order to to retain retain the the liabilities liabilities of
37、of the the other other parties, a bill that has been dishonored must be_ A _.parties, a bill that has been dishonored must be_ A _.nA. protested B. given to the acceptorA. protested B. given to the acceptornC. C. retained retained in in the the files files D. D. presented presented to to the the adv
38、ising advising bankbankn20. 20. “A “A check check payable payable to to ABC ABC Company Company is is credited credited to to the the personal account of Mr. Li”, the bank_ D _.personal account of Mr. Li”, the bank_ D _.nA.A.is correct in crediting the account is correct in crediting the account nB.
39、B.is merely doing what is requested by itsis merely doing what is requested by itsnC.C.has committed an act of negligence has committed an act of negligence nD.D.will make a claim on its principlewill make a claim on its principlen五五、Reading Reading the the following following draft draft and and gi
40、ve give your your answer to each of the following questions.answer to each of the following questions.nExchangefor:nGBP5000.00ShanghaiJan15,2000nAt90dayssightpaythisfirstbill(secondunpaid)totheorderoftheBankofChina,nThesumoffivethousandpoundsonly.nTo:nABCcompanyForChinaNatioanlCraftsImport&ExportnLo
41、ndonCorporation,S.Bnsignedn1.who is the drawer?nForChinaNatioanlCraftsCorporation,S.Bn2.who is the drawee?nABCcompanyImport&Exportn3.who is the payee?ntheorderoftheBankofChinan4.Is this a demand draft or a tenor draft? ntenor draft (At90dayssight)n5.Is this a sola bill or a bill of exchange in two s
42、ets?n two sets firstbill(secondunpaid)n6.where is the bill drawn?Chinan六六、Please Please draw draw a a draft draft according according to to the the following conditions.following conditions.nDrawerDrawer：ABC Company, shanghaiABC Company, shanghai nDraweeDrawee：DEF Bank, New YorkDEF Bank, New YorknDa
43、te of issue: August 25,2001Date of issue: August 25,2001nAmount: USD100000.00Amount: USD100000.00nPayee: G&H CompanyPayee: G&H CompanynExchangefor:nUSD100000.00USD100000.00ShanghaiAugust 25,2001August 25,2001nAt90dayssightpaythisfirstbill(secondunpaid)totheorderofG&H CompanyG&H Company,nThesumoftent
44、housandpoundsonly.nTo:nDEF Bank, New York ABC Company, shanghai DEF Bank, New York ABC Company, shanghai nsignedn七、七、Directions:Directions:nMrs. Mrs. Warren Warren ask ask Joe Joe Williams Williams to to draw draw out out to to her her a a crossed crossed checkcheck for for USD2300.00. USD2300.00. S
45、he She is is to to pay pay the the amount amount to to her her account account with with Pacific Pacific Bank, Bank, City City Office. Office. Joe Joe Williams Williams signed signed the the check check (no.12345)on (no.12345)on March March 21,2001 21,2001 as as requested. requested. Now Now complet
46、e complete the the following following check check according according to to the above information.the above information.nHongkongHongkong and shanghai banking Corp.LTD. and shanghai banking Corp.LTD.nCheck for USD2300.00 (3)Check for USD2300.00 (3)n date(1) March 21,2001 date(1) March 21,2001 nPay(2) Pay(2) to to Mrs. Mrs. Warren Warren the the sum sum of of two two thousandandthreehundredUSD only (4)USD only (4)n(6)To:(6)To:Pacific Bank, City OfficePacific Bank, City Office (5) Joe Williams (5) Joe Williams
