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.

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Definitions:

M Cones

Photoreceptor cells in the retina specialized for medium-wavelength light, contributing to color vision and perception of green hues.

S Cones

A type of photoreceptor in the eye that is sensitive to short wavelength light, contributing to color vision.

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Rods

Photoreceptor cells in the retina of the eye that are sensitive to low light levels and provide black-and-white vision.