Endorsement

2.A separate slip attached to negotiable instrument is known as

• memo

• pay in slip

• allonge

• counterfoil

3.When the endorser signs only his name it is called

• general endorsement

• special endorsement

• conditional endorsement

• partial endorsement

4.A type of an endorsement that negates the liability of the endorser is called

• general endorsement

• blank endorsement

• special endorsement

• conditional endorsement

5.The person in whose favour the endorsement is done is called

• endorser

• endorsee

• negotiator

• bearer

6.The banker who makes payment of a negotiable instrument is called

• collecting banker

• paying banker

• drawing banker

• all the above

7.Banker's duty to make payment of a cheque is contained in section ___ of the negotiable instruments act, 1881

• 30

• 31

• 32

• 33

8.A banker has to make payment as per instructions of

• the drawee

• the drawer

• the payee

• the endorser

9.A mutilated cheque is one

• that is torn into pieces

• that is soiled

• that is stale

• all the above

10.The term payment in due course means

• payment made in good faith

• payment made without negigence

• payment made without a reasonale ground to suspect the title of the holder

• all the above

11.Which of the following ia not an example of material alteration

• alteration of date and amount of the cheque

• alteration of name of the parties of the cheque

• alteration of crossing of the cheque

• conversion of bearer into order cheque