WAEC Commerce 2013 Objective — Question 22
Question 22 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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'Not Negotiable' on a cheque means
- A. ownership can be transferred to a third party by mere delivery
- B. the cheque can be paid over the counter on endorsement
- C. the holder has no better title than who transfers itCorrect
- D. ownership rests with one who issued the cheque
Explanation
Non-negotiable cheques means ownership cannot be transferred from one person to another; the holder has no better title than who transfers it.
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