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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Which endorsement relieves the endorser from incurring liability in the event of dishonour ______. - Commerce

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Question

Which endorsement relieves the endorser from incurring liability in the event of dishonor ______.

Options

  • Restrictive

  • Facultative

  • Sans recourse

  • Conditional

MCQ
Fill in the Blanks

Solution

Which endorsement relieves the endorser from incurring liability in the event of dishonor facultative.

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Endorsements
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Chapter 22: The Negotiable Instruments Act, 1881 - Exercise [Page 203]

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Samacheer Kalvi Commerce [English] Class 12 TN Board
Chapter 22 The Negotiable Instruments Act, 1881
Exercise | Q I. 8. | Page 203
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