Business Law Quiz: Endorsement & Negotiable Instruments
10 Questions
| Total Attempts: 556
Business Law quiz on endorsement and negotiable instruments
Questions and Answers
- 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.
Blank
- B.
Restrictive
- C.
Special/Full
- D.
Transfer
- 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 avoid 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 known as:
- 9.One who is to receive the money is called:
- 10.One who writes the check is called:
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