vu bnk601 Lecture No.28 - Quiz No.1
vu bnk601 Banking Laws & Practices Quiz
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Question 1: An endorsement is said to be Restrictive endorsement, if it satisfies which of the following conditions?
If the endorser signs his name only
If the endorser adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person
If the endorser restricts or excludes the right to further negotiate the instrument
If the endorser purports to transfer to the endorsee only a part of the amount payable
Question 2: All of the following are kinds of endorsement, EXCEPT:
Blank endorsement
Full endorsement
Reactive endorsement
Partial endorsement
Question 3: All of the following makes the endorsement complete, EXCEPT:
The holder signs on the face or back of the instrument
The instrument is delivered to the endorsee
It is signed and delivered with the intention of vesting the endorsee with the rights of the holder
It is signed and delivered with the intention of vesting the endorsee with the duties of the holder
Question 4: An endorsement is said to be Blank endorsement, if it satisfies which of the following conditions?
If the endorser signs his name only
If the endorser adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person
If the endorser restricts or excludes the right to further negotiate the instrument
If the endorser purports to transfer to the endorsee only a part of the amount payable
