Asked Nov 25, 2019

Define the followings?

1.) Rubber cheque.

2.) Blank endorsement.

3.) Transposition error.


Expert Answer

Step 1
  1. Rubber cheque: Rubber cheque is a cheque which does not have enough money to be cashed. It is also known as bounced cheque.
Step 2
  1. Blank endorsement: This type of endorsement carries only signature of a person or firm on a financial instrument such a...

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