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I want text explanation for right answer 107. The MD of a Pvt Ltd company endorses a cheque payable to the company in his favour

I want text explanation for right answer 107. The MD of a Pvt Ltd company endorses a cheque payable to the company in his favour & wants you to collect the same in his personal account. You will A. allow after verifying the genuineness of endorsement. B. allow only after verifying the genuineness of the transaction. C. not allowed as the Bank may be liable for conversion. D. not allowed as cheque favouring a company cannot be endorsed

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