"Not Negotiable" on a cheque means
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A Ownership can be transferred to the third party by mere delivery
- B The cheque can be paid over the counter on endorsement
- C The holder has no better title than the person person who transfers it
- D Ownership rests with the one who issued the cheque
Correct Answer: Option D
Explanation:
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