Banking General Awareness Banking in India Question Bank Practice Questions - Banking in India

  • question_answer
    Which of the following is not the essential requirement for the endorsement as per Negotiable Instrument Act, 1881?

    A)  It should be on the instrument

    B)  It should be made by the holder or the maker

    C)  Signatures should be in ink and not by pencil or rubber stamp

    D)  It should contain unconditional order

    E)  The endorser should sign the endorsement in the same style and with the same spellings as written in the instrument

    Correct Answer: D


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