- 1 Marks
Question
Which of the following is a negotiable instrument?
A. Share certificate
B. Cheque
C. Postal order
D. Money order
E. Bill of lading
Answer
Answer: B. Cheque
Explanation:
A cheque is a well-recognized negotiable instrument as it can be transferred and negotiated as per financial law, unlike the other options listed.
- Tags: Financial Law, Negotiable Instruments
- Level: Level 1
- Topic: Negotiable Instruments
- Series: MAY 2016
- Uploader: Kwame Aikins