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Question
What are the general rules governing an endorsement?
Answer in Brief
Solution
- Truthfulness: It must be real and not misleading.
- Disclosure: Any material connections must be disclosed.
- Personal Experience: This should be based on the endorser's actual experience or expertise.
- Accuracy: Claims should reflect typical results and be up-to-date.
- Compliance: Must adhere to relevant legal and regulatory requirements.
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Endorsement of Cheques
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Chapter 7: Banking and Bank Transactions - EXERCISES [Page 126]
