Business Law 6.01 Endorsement & Negotiable Instruments

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Business Law quiz on endorsement and negotible instruments

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  • 1. 
    Karen is preparing the daily deposit of checks for her sporting goods business.  Which endorsement should she use on the checks to make the deposit?
    • A. 


    • B. 


    • C. 


    • D. 


  • 2. 
    Daniel is going on vacation and does not wish to take cash.  Which type of negotiable instrument should he take with him?
    • A. 

      Cashier's check

    • B. 

      Large cash bills

    • C. 

      Money order

    • D. 

      Traverler's Check

  • 3. 
    Lorin is very careful when writing checks.  Which check writing procedure does she use to aviod negligence when writing a check?
    • A. 

      Changing the figures and written amount

    • B. 

      Not signing check

    • C. 

      Writing close to "pay to Order of

    • D. 

      Writing figures only

  • 4. 
    John wrote a check to Sharon and he called the bank to have a put on the check

  • 5. 
    If I don't have enough money in the bank to cover a check it is called?

  • 6. 
    What does EFT mean?

  • 7. 
    What is stale check?

  • 8. 
      Checking accounts are also knownas?  

  • 9. 
    One who is to receive the money is called?

  • 10. 
    One who writes the check is called?

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