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A cheque made payable to "bearer"

Commerce
WAEC 1990
A cheque made payable to "bearer"
  • A. Can be negotiated for cash by the drawer only
  • B. can only be paid into an account
  • C. can be negotiated for cash by any holder
  • D. is not regarded as a negotiable instrument
  • E. must be endorsed to another account for settlement
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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