Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
case study on cheque
#1
A cheque has been received for collection. The
Collecting banker has given his necessary certificates on
the reverse of the cheque, which had more than two
endorsements.

a. It is the responsibility of the collecting banker to verify
the regularity of endorsements

b. It is not the responsibility of the paying bank to verify
the regularity of endorsements

c.. The Collecting bank as well as the paying bank are
responsible to verify the regularity of endorsements

d.. None of the above
Reply




Users browsing this thread: 1 Guest(s)