Multiple Choice
When an endorser willing to transfer to an endorsee only a part of the amount of the instrument, then it is which type of endorsement?
A) Restrictive endorsement
B) Conditional endorsement
C) Special endorsement
D) Partial endorsement
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Maximum number of members in case of
Q3: Cheque is a<br>A)Promissory note<br>B)Bill of exchange<br>C)Both (a)
Q4: Which company shares can be freely transferable?<br>A)Private
Q5: If an instrument may be construed either
Q6: The liability of members if company is
Q7: The liability of members if company is
Q8: The term 'negotiation' in section 14 of
Q9: A bill of exchange contains a/an<br>A)Unconditional undertaking<br>B)Unconditional
Q10: Ultra vires means<br>A)Beyond the powers<br>B)Within the powers<br>C)Both<br>D)None
Q11: The undertaking contained in a promissory note,