Challenger App

No.1 PSC Learning App

1M+ Downloads
The endorse will not be liable to the holder on dishonour of a negotiable instrument if he makes a:

AFacultive endorsement

BSans recourse endorsement

CSans frais endorsement

DNone of the above

Answer:

B. Sans recourse endorsement


Related Questions:

Interest on capital is a _________ to the business
Journal entry contains only one debit and one credit is called __________
The claims of the owner against the business is called :
Accounts of firms and companies are called ________
Income Tax of the owner of the business is debited to _______ account