The words 'not negotiable' on a cheque mean that:
A) the financial institution is liable if it does not pay to the payee.
B) the cheque may not be transferred to another person.
C) the holder's title is only as good as that of the previous holder.
D) a thief will face criminal charges if he/she tries to obtain money or goods by using the cheque.
Correct Answer:
Verified
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