Where a Cheque Is Made Payable to Lucien Colbert,and on Its

question 20

Multiple Choice

Where a cheque is made payable to Lucien Colbert,and on its reverse are written the words "For deposit only to the credit of L.Colbert"

• A)the endorsement is a restrictive endorsement.
• B)the endorsement is a special endorsement.
• C)the endorsement is a failure.
• D)the bill can be cashed only.
• E)None of these.

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Definitions:

Annual Sales

The total revenue a company generates from its operations over a one-year period.

Supply Chains

Networks involving organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Supply Disruptions

Interruptions in the flow of goods or materials from suppliers that can lead to shortages and affect production or sales.

Exchange Rate Fluctuations

Variability in the value of one currency compared to another, affecting the cost of importing and exporting goods and services.