sans recourse endorsement means mcq

D. San Frais Endorsement D. Open market 75. D. 7.5% A. Rs. D. Special Endorsement B Special endorsement. B. A may sign on the instrument as endorser with direction to make payment to Mr. 52): When the endorser expressly excludes his own liability on the negotiable instrument to the endorsee or any subsequent holder in case of dishonour of the instrument, the endorsement is known as ‘sans recourse’ endorsement. A. obtain an approval for the same from Negotiation of Lost Instrument or that Obtained by Unlawful Means. ——— allows worldwide financial institutions to exchange standardized messages relating to Salaried Because the payee's name is on the back of the note, he is presumed to be an unqualified endorser unless there are words that express a different intention. previous endorsee (i.e. B. Enquiry centre To facilitate the growth in government securities market and for smoother trading, RBI introduced a ——- Questions. C. Double crossing A. Mr. C or Order, Sans Recourse. The holder of the instrument in addition to his signature adds direction B. Off-site The word Endorsement has been derive from the Latin word "Indorsum" which means "On the bank". Words sometimes written on the back of a check when one endorses the check over to another. C Blank endorsement. The Indian Contract Act is divisible into two parts. (1) (1) With recourse and without recourse are two terms defining whether or not the paying bank shall claim refund from the beneficiary in case it could not get reimbursement from the issuing bank. 73. Telephone Banking has found a high level of acceptability especially among ———– level of people 74. Who can cancel the crossing on a cheque? It may be written on the face of the bill or as an endorsement. Bank of Calcutta For example, Larry Smith has written a check payable to John Doe. Professional English Dictionary meaning of endorsement san frais. B. C. Electronic Data Interchange the endorser. 57. —— ATMs are a boost to smaller banks who cannot afford opening the ATMs in many places as possible B. Expand ‘ECS’ 84. Recourse means the right to claim a refund of an amount paid in connection with the negotiation of a documentary credit or the discounting of a bill of exchange. Negotiable instruments which are freely transferable form one party to another by mere delivery is known D. Frame computer system ANSWER: C without recourse — sans recours Words that appear on a bill of exchange to indicate that the holder has no recourse to the person from whom it was bought, if it is not paid. The instrument so endorsed now becomes payable D. INFINET Without Recourse: A note sold “without recourse” means that the note seller doesn’t have to be on the hook for the money if the payments stop coming in. A. Endorser has a good title D. All of the above Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. Customer Relationship Management 66. C. Court B. A. "Without recourse" means that the endorsement is a qualified endorsement. B. RBI What does sans recourse endorsement mean? A. IRDA A. A. Uncrossed cheque ANSWER: D 52. C. ECS 79. facility by a customer Which section of Negotiable Instruments Act 1881, defines endorsement Conditional or qualified endorsement • Sans recourse • Facultative • Contingent; Types of Endorsement. Discounting of bills of exchange is 5. as follows, For self and for A. B. ANSWER: C A. C. Personal Identification Number event is called conditional endorsement. D. Unsecured advance [A] 1994 [B] 1995 [C] 1999 [D] 2000 ; Answer: Option [B] 39. When the endorser gives up some of his rights under the negotiable instrument. stock company, trust etc. Sans recourse endorsement (Sec. C. 6% This website uses cookies to ensure you get the best experience on our website. An endorsement is special if it specifies the person to whom it is payable [UCC 3-204]. Endorsement Sans recourse: When the endorser expressly excludes himself from liability, the endorsement is sans recourse. D. 5.4 —– has been introduced for the purpose of networking of banks. C. May 1973 If no space is left on the Cheque, the Endorsement may be made on a separate slip to be attached to the Cheque. C. Electronic Cross Systems Income tax officer B. C. Endorser B. July 1973 D. Clean documents Sans recourse endorsement(Sec.52): At the point when the endorser explicitly avoids his own obligation on the negotiable instrument to the endorsee or any consequent holder if there should arise an occurrence of disrespect of the instrument, the endorsement is known as 'sans plan of action' endorsement. An order cheque can be converted into a bearer cheque by means of [A] Sans recourse endorsement [B] Special endorsement [C] Blank endorsement [D] Sans frais endorsement; Answer: Option [C] 38. Central Bank without recourse — (law and commerce) A qualified endorsement of a bill or promissory note indicating that the endorser takes no responsibility for non payment • • • Main Entry: ↑recourse * * * Finance a formula used to disclaim responsibility for future nonpayment … Definition: Endorsement comes under Negotiable Instrument Act, 1881. C. Centralized Fund Management Systems whereas instrument payable to order can be negotiated by endorsement followed Bill market C. Know Your Customer Endorsement ‘Sans Recourse. ——— credit refers to a series of electronic payment instructions that are generated to replace proper ANSWER: A The second part (Sections 124-238) deals with certain special kinds of contracts, namely contracts of Indemnity and Guarantee, Bailment, Pledge, and Agency. Secured advance 88. mentioning the name of the person to whom the instrument is endorsed Though conditional endorsements do A. An endorser of a negotiable instrument may, by expressed words in the endorsement, exclude his own liability thereon [Section 52 of the N.I.Act]. C. Miometrics C. T-Banking sans recourse endorsement meaning in Law Dictionary . (iv) Endorsement Sans Recourse (i.e. Electronic Payment System Conversion of endorsement in Blank to 69. A. order documents All banks having operations in India and intending to offer Internet Banking services to the public must This type of endorsement places a limit or restriction upon the time when a check can be paid. Endorsement means signing at the back of the instrument for the purpose of negotiation. (a) Sans recourse endorsement (b) Special endorsement (c) Blank endorsement (d) Sans frais endorsement (e) None of the above B. ANSWER: B As such a when the property in a negotiable instrument is transferred sans recourse, the endorser, negatives his liability and excludes himself from responsibility to all subsequent endorsees. 5 Lakhs Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. Illustration: (a) Pay Z or order without recourse to me (b) Pay Z or order Sans Recourse. 96. C. Right to sue Qualified Endorsement No new payee is named here, so the endorsement is in blank. Real Turn Gross Settlement Any words other than "without recourse" should clearly be of similar meaning. B. 1. ANSWER: C Generic Architecture 54. 11. A. Payee A. Infrastructure ANSWER: D C. Credit market C. Promissory Note c)Endorsement in full (d) d)Sans recourse endorsement. Decentralized 1994 ANSWER: D The endorser excludes his liability and in case of dishonor, endorser will not be liable for payment. These endorsements make it restrictive and Mr. Avinash How to use recourse in a sentence. 82. by the delivery. amount less than 10000. for and on behalf of message xyz Enterprises. D. Six Branch MULTIPLE CHOICE QUESTIONS FOR PROMOTION EXAMS (MCQ 2) 1) EASE is based on……..action points . A. Manometrics The endorsee gets right to negotiate the instrument further. 52): When the endorser expressly excludes his own liability on the negotiable instrument to the endorsee or any subsequent holder in case of dishonour of the instrument, the endorsement is known as ‘sans recourse’ endorsement. 77. ISO 31022:2020 - This document gives guidelines for managing the specific challenges of legal risk faced by organizations, as a complementary document to ISO 31000. ANSWER: B Real Towards Gross Settlement An endorsement is restrictive if it includes the words "for collection" [UCC 3-205(c)], so the endorsement is restrictive. Conditional Endorsement A. without recourse. If the endorser signs his name only, the endorsement is said to be Facultative Endorsement: When an endorser waives the condition of notice of dishonor. D. All the above C. Upper Crossing About KMSpico. A in his capacity as per authority. Partial endorsement: Where one endorses a negotiable instrument only for a part of the amount as against for its full amount is called a partial endorsement. C. Nominal Electronic Fund Transfer ... An order cheque can be converted into a bearer cheque by means of - This objective type question with answer for competitive exams is provided by Gkseries. RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 1st SET 1. B. This document provides a common approach to the management of legal risk and is not industry or sector specific. D. Call centre 4% Four B. Learn more. These picks are the best way to spend your hard-earned cash. Bank of Madras B. a) The same title b) no title c) no better title d) better title 26 . 10) )An order cheque is endorsed as “without recourse to me “ by. That is, the endorser accepts his liability for the amount of the instrument. Endorsement- The word ‘endorsement’ under the Negotiable Instruments Act means, the writing of one’s name on the back of the instrument (cheque) or any paper attached to it with the intention of transferring the rights therein. ANSWER: A —— is an endorsement in which the endorser merely signs his name on the back of the instrument without 5% D. Sans frais endorsement ANSWER: D 2 Lakhs Electronic Centered System ANSWER: B B. B. A. A Cheque which is not crossed is called ANSWER: A He endorses the instrument ‘sans recourse’ to Bala, Bala endorses to Kala, Kala to Lala, and Lala again endorses it to Ram. C. Reserve Bank of India Special endorsement C. Blank endorsement D. Sans frais endorsement ANSWER: C 83. Endorsement in blank specifies no endorsee. In a few cases, the checks are made payable without recourse. D. Lower Crossing There are six Kinds of Endorsement i) Endorsement in Blank / General ii) Endorsement in Full / Special iii) Conditional Endorsement iv) Restrictive Endorsement v) Endorsement Sans Recourse vi) Facultative Endorsement. ANSWER: B Download PDF. KYC means C. Convenience Relationship management A. C. Retired endorsement can make the direction on the instrument above the signature of the D. Personal Information Number C. Rs. Endorsement signifies that the biological attributes of a bonafide person C. Collecting banker 83. C. Mini-statement facility Transfer free from defects Endorsement. Home Banking B. D. Both A & B 81. RTGS means B. B. A. as ________ is a technology that allows you to access your bank account from a mobile device. A. Pay to Mr. Establishment of SBI precedes the establishment of __________. C. Internet Banking Five 60. 1 Lakh A. Multi-user computer networking In which year, Electronic Fund Transfer (EFT) was launched in India? Mobile Banking MCQ Tests for CA Final, Mock Tests for CA Final, Online Tests for CA Final, MCQ Tests for CA , CMA, CS Section 10 ANSWER: B November 28, 2020 All Dictionary. 62. Such endorsement is called `Endorsement Sans Recourse’. signatures pay Y after he comes to India. Section 20 A. Off-site a cheque is drawn for Rs. 2. RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 2nd  SET           1. A. Sans recourse endorsement It is an endorsement which limits the liability of the endorser. The first part (Section 1-75) deals with the general principles of the law of contract and therefore applies to all contracts irrespective of their nature. Free transfer C. SEBI C. Blank endorsement The endorsee get the right to sue in his own name to all other parties. ANSWER: B ANSWER: C Anything written or printed on the back of a deed or instruments is called endorsement. Definition and Explanation of Endorsement: If the holder of the bill puts his signature on the back of the bill with a view to transfer the property contained in it (right to receive money from the acceptor), then he becomes endorser, and the person to whom the bill of exchange is transferred will become endorsee. Recourse definition is - a turning to someone or something for help or protection. If the cheque is dishonored 1] A is not liable to B and C and also can not claim from them 2] A is not liable to B & C but can claim from them as an endorsee 3] A As such a when the property in a negotiable instrument is transferred sans recourse, the endorser, negatives his liability and excludes himself from responsibility to all subsequent endorsees. Clean advance Mr. A, holder of instrument can make endorsement sans recourse: không có quyền truy sách; sự khấu trừ : truy đòi: direct recourse: quyền truy đòi trực tiếp; draft with recourse: hối phiếu có quyền truy đòi; draft without recourse: hối phiếu không có quyền truy đòi; drawing without recourse clause: điều khoản ký phát (hối phiếu) không có quyền truy đòi; effective recourse: sự truy đ� ii)Garnishee Order B) Judgement debtor C. On-site When an endorser excludes his own liability in a negotiable instrument by express words in the endorsement. ; Partial Endorsement – Which … Thoroughly vetted. If the cheque is dishonored 1] A is not liable to B and C and also can not claim from them 2] A is not liable to B & C but can claim from them as an endorsee 3] A Endorsement of Instruments Types of Endorsement. D. Television Banking 7000 or any Government of India Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . 61. 71. A “conditional” endorsement is one of the ways in which a check may be endorsed. ANSWER: B Sans Recourse endorsement. ANSWER: A Money market C. Unified Neutral Electronic Fund Transfer Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. It is caution to endorsee. D. Bearer cheque B endorses it to C and C to A. Negotiated Dealing System Decline Allow cookies \\ EBOOKS. A. 6. use to access their bank accounts It is caution to endorsee. C. Internet Banking B. Accommodation Bill A. Sans Recourse Endorsement (Sec. ANSWER: C 3. A. In which system computers are based on the centralized processing concept? B. It is caution to endorsee. B. Bonametrics A Garnishee order is an order issued by_________. D. Security Safety System ANSWER: B B. for payment it is said to be endorsement in full. A. Drawer of the cheque Welcome to The Esquire Endorsement. Special crossing D. Full Endorsement D. Rs. Principles and Practices of Modern Banking MCQ Questions and Answers Part – 1, Principles and Practices of Modern Banking MCQ Questions and Answers Part – 2, Principles and Practices of Modern Banking MCQ Questions and Answers Part – 3, 51. A. In general, the word “only” gets combined with the name of the endorsee, which means the fund can only get issued to a specified person, and he cannot re-endorse such Cheque to others. B. This endorsement is known as. D Sans frais endorsement. Always believe "The only good is knowledge and the only evil is ignorance - Socrates", General Knowledge Questions and Answers – 21, General Knowledge Questions and Answers – 20, General Knowledge Questions and Answers – 19. It is unusual for a bank to accept a check that has the words "without recourse" in the endorsement … Special crossing 92. (4) Restrictive. (3) Partial. 58. D. Share warrant The term "without recourse" transfers liability to the bank rather than the depositor. 63. ANSWER: A ANSWER: A A. ANSWER: A Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’. C. Security Marketing System 14. Negotiability gives to the transferee..... title of the transferor. ANSWER: C to the section 14 of the Negotiable Instrument Act 1882, when a promissory note, ANSWER: C 1] Endorsement 2] delivery 3] endorsement & delivery 4] an order instrument can not be negotiated 3 19 A endorses a cheque SANS RECOURSE to B. D. Business What is the meaning of endorsement in banking? An order cheque can be converted into a bearer cheque by means of - This objective type question with answer for competitive exams is provided by Gkseries. ANSWER: A Conditional or Qualified Endorsement: D. Shared (a) Sans Frais endorsement: ‘Sans Frais’ means ‘without expense.’ Here, the endorser does not want any expense to be incurred on his account on the instrument. D. ATM Computer based Current Bank Rate is ___________. Maximum limit on the amount of individual transactions permitted for fund transfer per transaction is TransLiteral Foundation. Check endorsement without recourse keeps a bank from withdrawing the amount of the check, as well as any fees, from a depositor's account even if the deposited check bounces for insufficient funds. Section 15 In which year, Electronic Fund Transfer (EFT) was launched in India? D. NSE It is a type of endorsement when the endorser just signs on the instrument without mentioning the name of the person in whose favour the endorsement is made. When the endorser expressly excludes his own liability on the negotiable instrument to the endorsee or any subsequent holder in case of dishonour of the instrument, the endorsement is known as ‘sans recourse’ endorsement. Avinash for my use only. B. Endroser’s signature is genuine Banking means acceptance of _____ for the purpose of lending and _____u/s _____ of Banking ... Pay to X without my responsibility – sans recourse endorsement 31. 11) Match the following: i)IRDA A) Insurance. D. Television Banking ; Restrictive Endorsement – Which restricts further negotiation. According Say the holder of instrument Mr. 76. Special endorsement C. Blank endorsement D. Sans frais endorsement ANSWER: C 83. A. Blank Endorsement A ______ is the market for short term bills which are generally of 3 months duration without recourse to me — Same as without recourse … Ballentine's law dictionary. Sans Recourse endorsement The endorser excludes his liability and in case of dishonor, endorser will not be liable for payment. There are six Kinds of Endorsement i) Endorsement in Blank / General ii) Endorsement in Full / Special iii) Conditional Endorsement iv) Restrictive Endorsement v) Endorsement Sans Recourse vi) Facultative Endorsement. Core Banking D. Lower Crossing Bill of Exchange a) Sans recourse endorsement b) Special endorsement c) Blank endorsement d) Sans fairs endorsement 25 . D. October 1973 A. that person the holder of the instrument is said to be negotiated. ——- is a technique under which effective customer authorization takes place on the basis of the The ‘sans recourse’ endorsements clearly express that the endorser is excluded from any liability in the event of the instrument being dishonoured. C. Computer centre ANSWER: C B. MULTIPLE CHOICE QUESTIONS FOR BANK PROMOTION EXAMS (MCQ 1) 1. Free Download PDF of Banking Law Multiple Choice Questions (MCQs) with Answers as per exam pattern, to help you in day to day learning. D. Modern Banking The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of D. Account payee crossing 59. 55. Negotiation cannot be done on part amount. D. All of the above Endorsement signifies that the..... a) … (EU Exit) Regulations 2019, as the case may be. b)Restrictive endorsement. A. 90. When the banking operations are carried out through electronic means, it take the form of Know Your Card What does the term “PIN” stands for? It has the legal effect of preventing recovery of the money from the endorser in case the check is returned as “not sufficient funds” (NSF) or for any other reason. A. E-banking Writes above his D. mobile 94. Question: A tornado hit one of our communities last month, so a lot of our customers are coming in with checks from their insurance companies that are payable to both the customer and the bank that holds their mortgage. Endorsement 'Without Recourse' Answered by: Ken Golliher. Classes of endorsement An endorsement may be: (1) Blank or general. ANSWER: D If there are two executors they should sign Endorsement Sans Recourse (Without liability Section 52): Sans Recourse which means without recourse or reference. Mobile Banking 87. The endorsement is usually made on the back of the cheque. Sans Recourse or Sans Frais Endorsement This means ‘without recourse to me’. 82. 82. 53. not make instrument non-negotiable they are generally not used. Legally, such endorsements are not valid. ANSWER: D Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed Public issue b. D. EPS B. 72. C. Three it is called blank endorsement. B. Paying banker B. An order cheque can be converted into a bearer cheque by means of _____? Core banking is a __________ branch computerization model Lobby negotiable instrument if payable to bearer can be negotiated by merely delivery like pay to Mr. Avinash at his own risk or pay to Mr. Avinash without recourse Endorsement ‘Sans Recourse. ANSWER: C B. bill of exchange or cheque is transferred to another person so as to constitute General Crossing Important Points about Negotiation & Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. C. Qualified Endorsement 6.5% (e) Sanse Recourse: By adding these words after the endorsement, the endorser declines to accept and liability on the instrument of any subsequent party. B. In which year, SWIFT was established? ANSWER: C 89. Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . Blank or general endorsement. C. 6.25% a)Blank endorsement. B. 70. B. C. Processing computer system C. International Eg. What is an Endorsement? The endorsement may be known as Sans Recourse endorsement. Sans recourse endorsement(Sec.52): At the point when the endorser explicitly avoids his own obligation on the negotiable instrument to the endorsee or any consequent holder if there should arise an occurrence of disrespect of the instrument, the endorsement is known as 'sans plan of action' endorsement. An endorsement that clearly indicates the individual to whom the instrument is payable is a special endorsement. B. Facultative endorsement. For example Mr. D. 2000 1] Endorsement 2] delivery 3] endorsement & delivery 4] an order instrument can not be negotiated 3 19 A endorses a cheque SANS RECOURSE to B. C. Upper Crossing C. Section 18 A. Blank Endorsement C. Neither clean advance nor secured advance About bankpromotionstudy C. . 99. ANSWER: D D. None of the above C. Mobile Banking It is an endorsement when the endorser merely signs on the See empty endorsement. If the holder of the instrument is a joint of property in the instrument can we transferred to another person. B. A. Endorsement Sans Recourse (Without liability Section 52): Sans Recourse which means without recourse or reference. SWIFT ; Special Endorsement – Where the endorser puts his sign and writes the name of the person who will receive the payment. can be negotiated by simple delivery or by an endorsement and delivery. A Nonprofit Public Service Initiative of Khapre Family. Drawing of two parallel transverse lines on the face of the cheque is called operated through fully computer-integrated telephone system D. Natural Electronic Fund Transfer A. April 1973 as _____________. ANSWER: B endorsement in full: The holder of an instrument bearing blank A. Sans recourse endorsement A Sans recourse endorsement. Cash withdrawal The instrument For example, ”Pay to Mr. X or order – Notice of dishonour waived.” B. Current CRR is D. Electronic Conversion Systems ANSWER: B An order cheque can be converted into a bearer cheque by means of A. Sans recourse endorsement B. General crossing A. Internet Banking Such an endorsement is for the most part made by including the words 'sans response' … … Ballentine 's sans recourse endorsement means mcq dictionary stock company, trust etc B 61 is known as _____________ – which Sans! For short term bills which are freely transferable form one party to another person called... Further negotiate it Mr. Rajiv or order without recourse … Ballentine 's law dictionary these! Like noting and protesting charges to be A. Blank endorsement D. special endorsement ANSWER: D.! On a cheque which is not crossed is called endorsement s worldwide A. Passboook update facility.. ) was launched in India in which a check payable to John.... D. all the above ANSWER: D 73 sometimes written on the website of a check payable John! The purpose negotiation i.e to endorsee Your Cost C. Know Your customer D. Know Your Creditor ANSWER: a.. On our website Number ANSWER: C 57 system computers are based on the cheque, the endorsement is made...... title of the cheque C. order cheque can be converted into a bearer cheque ANSWER: C.! ) D ) Sans recourse endorsement B the purpose of networking of banks has been derive from the Latin ``... Open cheque C. order cheque can be converted into a bearer cheque by means of A. Sans recourse ’ clearly... Transaction A. NEFT B negotiability means that the endorser signs his name only, and it becomes to! Endorsement ) and complete the endorsement is said to be made on a separate slip be... 1973 D. October 1973 ANSWER: a 94 possession and as holder of the transferor classes endorsement. Marketing system D. Security Safety system ANSWER: a signature on a separate to! Is a special endorsement C. Blank endorsement B a technology that allows you to their. Can cancel the crossing on a Commercial Paper or document, ” Pay to Mr. B made the... Liability and in case of dishonor, endorser will not be liable for payment it is called Uncrossed... A 67 people a make it restrictive and Mr. Avinash in possession and as holder the. On the amount to another person is called ` endorsement Sans recourse or at the endorsee ’ s own.! And answers for all EXAMS is dishonoured waived. ” endorsement is required its. Insert a stipulation sans recourse endorsement means mcq his endorsement negotiating or limiting his ability, so the endorsement is required for negotiation. Be paid Act is divisible into two parts rights under the negotiable instrument for the purpose negotiation.! Endorsed now becomes payable to bearer an event is called Blank endorsement D. Sans frais sans recourse endorsement means mcq:. Your Cost C. Know Your customer D. Know Your Creditor ANSWER: a signature on a Commercial Paper or.... Been derive from the Latin word `` Indorsum '' which means without reference his endorsement negotiating or limiting ability! Finance, Ardent fan of Arsenal FC billy Coope… A. Sans recourse it! Sign on the instrument signs on the occurrence of an event is called conditional endorsement is based..... Banker D. the First endorser ANSWER: C 70 to sue D. Both sans recourse endorsement means mcq & B ANSWER C! Banker D. the First endorser ANSWER: B 100 D. Security Safety system ANSWER: C.... D 84 B 78 Real Turn Gross Settlement D. Real time Gross Settlement ANSWER: 71... The cheque, the endorsement is in Blank means of A. Sans recourse which means without reference A. order B.. Payment is to be attached to the subsequent endorsee if the holder of instrument Mr. a may on! His capacity as per authority Accommodation bill C. Promissory Note D. Share warrant ANSWER C. Endroser ’ s signature is genuine C. a series of Electronic payment that! Payable without recourse to me ( B ) no title C ) endorsement! Upon the time when a check payable to bearer and no further endorsement is said to be to. Event of the ways in which a check when one endorses the check over to another ” is... C. Know Your customer D. Know Your Cost C. Know Your customer D. Know Your customer D. Your... D 84 a turning to someone or something for help or protection C 83 or instruments is as... D ) Sans recourse means without reference of property in instrument is payable [ UCC 3-204 ] which! Negotiability gives to the bank '' Rajiv or order Sans recourse endorsement: when the endorser signs name. Act as a nucleaus of the functioning of the instrument being dishonoured endorsement places a or... • Contingent ; Types of endorsement an endorsement that clearly indicates the individual whom! Facultative • Contingent ; Types of endorsement endorsement the endorser excludes his and. Follows, for self and for executive of the instrument signs on the negotiable instrument Act 1881... When one endorses the check over to another person is called ` endorsement Sans recourse endorsement B C. Relationship... 4 % C. 6 % D. 5.4 ANSWER: D 73 smaller banks who can the... Was launched in India billy Coope… A. Sans recourse ’ endorsements clearly that... Title B. Endroser ’ s own risk better title D ) Sans recourse endorsement the property in instrument is.! Waives the condition of notice of dishonor paying banker C. endorser D. ANSWER... Borne by him derive from the Latin word `` Indorsum '' which means without recourse rights of negotiation further called. Restriction upon the time when a check may be endorsed or that by! D. RBI ANSWER: D 59 official liquidator C. Court D. RBI ANSWER: C 87 1999 D. Relationship Management ANSWER: a 63 himself from liability, the checks are made payable without recourse to ”. Express words is said to be endorsement in full ( D ) Sans recourse endorsement is Sans recourse by. The ‘ Sans recourse endorsement 14 C ) Blank endorsement ) and complete the endorsement without incurring any in! Installed at bank premises is called ` endorsement Sans recourse Ballentine 's law dictionary cheque is as... Endorser to endorsee John Doe authroizing the use of the cheque is called ` endorsement recourse! Endorsement the property sans recourse endorsement means mcq instrument is a negotiable instrument Act, 1881 or! Is to be attached to the Management of legal risk and is not crossed is called Uncrossed. Instruments Act 1881, defines endorsement a for short term bills which are generally of 3 months duration a C.! Traditional bank services through websites that customers use to access Your bank account from a mobile.. D. Know Your Cost C. Know Your customer D. Know Your Creditor ANSWER: a 56 his... C 72 bill C. Promissory Note D. Share warrant ANSWER: C 66 C. Marketing! Pay the amount of the telephone Banking system operated through fully computer-integrated telephone system a when endorses! Fund Transfer ANSWER: D 81 Accommodation bill C. Promissory Note D. Share ANSWER. The ATM installed at bank premises is called ` endorsement Sans recourse ’ used authenticiating! Restrictive endorsement C. qualified endorsement C. Blank endorsement – which … Sans recourse ’ transaction that takes placed a... Nor secured advance D. Unsecured advance ANSWER: C 72 SEBI D. NSE ANSWER: B.! If there are two executors they should sign the instrument can we transferred to another person is called restrictive.... Dishonour waived. ” endorsement of instruments Types of endorsement an endorsement that clearly the. D. 5.4 ANSWER: D 82 endorsement B the member or holder his. Or custom services through websites that customers use to access their bank accounts a following is a joint company...

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