Inserting two transverse parallel lines across a cheque instructs a financial institution that:
A) it is now subject to the nemo dat rule.
B) it can no longer be indorsed.If the cheque is not endorsed it will be void.
C) it can be cashed and should not be placed into an account with a financial institution.
D) it must be paid into an account with a financial institution.
Correct Answer:
Verified
Q15: Which of the following statements is not
Q16: If a cheque is 'payable to bearer'
Q17: Which of the following statements is not
Q18: In National Australia Bank v Hokit,the court
Q19: Which of the following does not appear
Q21: If a financial institution collects a cheque
Q22: I have an internet banking account.Last week
Q23: Which of the following does not regulate
Q24: Which of the following statements is not
Q25: When customers of financial institutions draw (write)cheques
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents