The Words 'Not Negotiable' on a Cheque Mean That

question 21

Multiple Choice

The words 'not negotiable' on a cheque mean that:

• A)the financial institution is liable if it does not pay to the payee.
• B)the cheque may not be transferred to another person.
• C)the holder's title is only as good as that of the previous holder.
• D)a thief will face criminal charges if he/she tries to obtain money or goods by using the cheque.

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