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A bill of exchange is made up more negotiable if it has been

Commerce
WAEC 2004

A bill of exchange is made up more negotiable if it has been

  • A. endorsed
  • B. accepted
  • C. honoured instantly
  • D. given special crossing
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Correct Answer: Option A
Explanation

A bill becomes more negotiable when it is endorsed, because endorsement allows it to be freely transferred to another person by simple delivery (if blank-endorsed) or further endorsement.

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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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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now