A material alteration is done on a cheque

a.

to get the correct amount from the bank

b.

to correct the amount on cheque

c.

to correct the date on the cheque

d.

to defraud the bank

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When the bills of exchange is not transferred by the drawer, then

a.

Drawer and payee are same

b.

Endorses and endorsee are same

c.

Drawer and drawee are same

d.

Payee and drawee are same

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Question 34

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Cheque is written as Pay to Mazin, the cheque can be transferred to Ahmed followed by his signature and later, the cheque is handed over to Ahmed. This process is called as

a.

All the options are correct

b.

Mere endorsement

c.

Endorsement Delivery

d.

Mere Deliver