What Is the Effect of Marking a Cheque 'Not Negotiable

question 49

Multiple Choice

What is the effect of marking a cheque 'not negotiable'?

• A)The payment figure on the cheque cannot be altered.
• B)The cheque must be paid into a bank account
• C)A transferee cannot obtain better title than the transferor.
• D)The cheque becomes non-transferable.

---

Definitions:

Limited Partnership Fund

A type of investment fund composed of a general partner, who manages the fund and is responsible for its debts, and limited partners, who provide capital and have limited liability.

Venture Capital

A type of private equity financing that is provided by venture capital firms to startups and emerging companies with high growth potential.

Investment Vehicle

Financial instruments and products used by investors to gain positive returns on their money.

Trading Equity

The process of exchanging ownership stakes in a company, often for capital investment or strategic partnership benefits.