Under this country's laws, banks and not individuals are considered endorsers.

Name: Under this country's laws, banks and not individuals are considered endorsers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In China, under their commercial laws, banks rather than individuals are considered endorsers when it comes to financial instruments like checks. This is part of the unique aspects of the Chinese banking and legal system, distinguishing it from many Western practices where individuals can also be endorsers.

Under This Country's Laws, Banks and Not Individuals Are Considered