Business Law 6.01 Endorsement & Negotiable Instruments
13 Questions I 234 Attempts I Created By tddavid 1630 days agoBusiness Law quiz on endorsement and negotible instruments
Question Excerpt From Business Law 6.01 Endorsement & Negotiable Instruments
| Q.1) | Bob cashed a check at at local store. What term identifies the store in this transaction? |
| A. |
| B. |
| C. |
| D. |
| Q.2) | 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. |
| Q.3) | Daniel is going on vacation and does not wish to take cash. Which type of negotiable instrument should he take with him? |
| A. |
| B. |
| C. |
| D. |
| Q.4) | Lorin is very careful when writing checks. Which check writing procedure does she use to aviod negligence when writing a check? |
| A. |
| B. |
| C. |
| D. |
| Q.5) | John wrote a check to Sharon and he called the bank to have a put on the check |
| Q.6) | If I don't have enough money in the bank to cover a check it is called? |
| Q.7) |
What is it called it I sign someone else's check? |
| Q.8) | What does EFT mean? |
| Q.9) | What is an outstanding check? |
| Q.10) | What is stale check? |
| Q.11) |
Checking accounts are also knownas? |
| Q.12) |
One who is to receive the money is called? |
| Q.13) | One who writes the check is called? |
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