Which of the Following Represent Types of Endorsement That May

question 62

Multiple Choice

Which of the following represent types of endorsement that may be used in connection with negotiable instruments under the Bills of Exchange Act?

• A) identifying and restrictive
• B) conditional and wanton
• C) general and relative
• D) special and confirming
• E) qualified and promissory

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Definitions:

Trade Discount

A reduction from the list price of goods or services provided by a vendor to buyers in the trade.

Trade Discount

A reduction in the retail or list price of a product or service provided by a seller to a buyer in the trade channel.

Trade Discount

A reduction in price offered by a seller to a buyer for purposes of increasing sales, typically calculated as a percentage off the list price.

Trade Discount

A deduction from the list price of goods agreed upon by the seller and the buyer, typically offered by suppliers to retailers.