- 20 Marks
EOB – APR 2024 – L1 – Q3 – Features of Negotiable Instruments, Indemnity vs Counter Indemnity, Definitions from Act 930
List features of negotiable instruments; explain difference between indemnity and counter indemnity; define bank and deposit-taking business per Act 930.
Question
As a student of Banking, list any six (6) features/characteristics of Negotiable Instruments. (6 marks)
b. Explain the main difference between an Indemnity and a Counter Indemnity Agreement. (6 Marks)
c.WithWith reference to the Banks and Specialized Taking Institutions Act ( ActAct 930), define the following:
i. Bank (4 marks) ii. Deposit Taking Business (Total: 20 marks)
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