Multiple Choice
Negotiation-back implies
A) return of the instrument back of he person who indorsed it earlier
B) the endorser does not want the instrument to be indorsed back to him
C) the endorser does not want the endorsee to incur any expenses on endorser's account
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q13: An order instrument can be made payable
Q14: …………… constitute the largest source of funds
Q15: A bill should be presented for acceptance
Q16: ……are treated as negotiable instrument by usage
Q17: Banker's lien is a type of security.<br>A)hypothecated<br>B)mortgaged<br>C)impli<br>D)pledge
Q19: Drawing power in an account means<br>A)limit sanctioned<br>B)value
Q20: Negative lien means -<br>A)a declaration by a
Q21: The endorser will not liable to the
Q22: Lien becomes time-barred three years after<br>A)the date
Q23: After a customer has closed the account_<br>A)the