Which Kind of Endorsement Places a Condition on Payment

question 43

Multiple Choice

Which kind of endorsement places a condition on payment?

• A)Trust endorsement.
• B)Conditional endorsement.
• C)Endorsement to prohibit further endorsement.
• D)Conditional bearer endorsement.
• E)Bearer endorsement.

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Definitions:

Cash Discount

A reduction in the invoice amount by the seller, granted to the buyer for early payment within a specified period.