Match the List - I with List - Il

LIST I

Negotiable Instruments

LIST II

Their Explanation

A.

Inchoate Instrument

I.

When negotiable instrument is delivered conditionally or for a specific purpose as a collateral security or for safe custody only

B.

Ambiguous Instrument

II.

When the name of the drawer, or the payee, or both are fake in a bill

C.

Escrow

III.

When the instrument owing to its faulty drafting may be interpreted either as a promissory note or bill of exchange

D.

Fictitious Bill

IV.

An incomplete instrument in some respect, where a person signs & delivers to another a blank or incomplete paper

Choose the correct answer from the options given below.

Question

LIST I Negotiable Instruments		LIST II Their Explanation
A.	Inchoate Instrument	I.	When negotiable instrument is delivered conditionally or for a specific purpose as a collateral security or for safe custody only
B.	Ambiguous Instrument	II.	When the name of the drawer, or the payee, or both are fake in a bill
C.	Escrow	III.	When the instrument owing to its faulty drafting may be interpreted either as a promissory note or bill of exchange
D.	Fictitious Bill	IV.	An incomplete instrument in some respect, where a person signs & delivers to another a blank or incomplete paper