Login / Signup

Question

What does "Indorsement without recourse" mean?

A The indorser is not liable to pay in case of default by the indorser

B The indorser is fully liable for any default by the indorser

C The indorser is entitled to a refund from the intermediate indorsers

D The indorser has the right to enforce the payment against all intermediate indorsers

E Either c or d

Practice Next

More Other Laws and Acts Questions

The Appellate Tribunal under the Recovery of Debts and Bankruptcy Act established by the Central Government is known as the ________________________
Section 29A of I.P.C. is related to:
As per FEMA _________means an authorised dealer, money changer, off-shore banking unit or any other person for the time being authorised to deal in foreign...
Rules relating to jurisdiction of an arbitral tribunal shall be made by?
As per the National Food Security Act, 2013 the percentage coverage under the Targeted Public Distribution System in rural and urban areas for each State s...
The case of Kailash Sharma vs. The Patna Municipal Corporation and Ors.______?
A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other per...
When did the Real Estate Regulation and Development) Act, 2016 came into effect?
As per Reg 5C of SEBI (Prohibition of Insider Trading) Regulations, 2015, Can the structured digital database be outsourced?
For granting a temporary injunction under Order 39 Rules 1 and 2 of CPC, which of the following three conditions must be cumulatively satisfied?

Hey! Ask a query

ask-question