The endorsement on the cheque is fictitious and the collecting banker – McqOptions

MCQOPTIONS

1.	The endorsement on the cheque is fictitious and the collecting banker failed to check it the cheque is paid by the paying banker
A.	collecting banker is not protected
B.	paying banker is protected
C.	collecting banker & paying banker are protected
D.	both are not protected
Answer» C. collecting banker & paying banker are protected

Discussion

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