Which of the Following Statements Is Not Accurate in Relation

question 1

Multiple Choice

Which of the following statements is not accurate in relation to the words 'account payee' on a cheque?

• A)The words prevent the cheque being transferred to someone else.
• B)The words are not recognised by the Cheques Act 1968 as a valid crossing on a cheque.
• C)A collecting institution that collects a cheque for a customer who is not the specified payee may be liable to the true owner of the cheque.
• D)The words warn a collecting institution that the cheque must be paid into the account of the specified payee.

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Definitions:

Rorschach Inkblot Test

A projective psychological test consisting of ten inkblots presented to the participant, used to analyze personality structure and identify emotional disorders.

Personality

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