Unit 5

Chapter 5

Negotiation, Endorsement & Crossing and Bouncing of Cheques

āĻŽীāĻŽাংāϏা, āĻ…āύুāĻŽোāĻĻāύ āφ⧰ু āϚেāϕ⧰ āĻŦাāωāύ্āϏিং


Questions

āĻĒ্ā§°āĻļ্āύāϏāĻŽূāĻš

MULTIPLE CHOICE QUESTIONS

āĻāĻ•াāϧিāĻ• āĻŦিāĻ•āϞ্āĻĒāĻĒ্ā§°āĻļ্āύ

1. Which is a mode of negotiation of a negotiable instrument?

1. āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞিāĻāϟাā§° āĻŽীāĻŽাংāϏাā§° āĻ•োāύāϟো āĻĒāĻĻ্āϧāϤি?

(a) By Delivery (b) By endorsement and delivery (c) Both a and b (d) None of the above

(āĻ•) āĻĄেāϞিāĻ­াā§°ীā§° āĻĻ্āĻŦাā§°া (āĻ–) āĻāĻŖ্āĻĄোā§°্āϚāĻŽেāĻŖ্āϟ āφ⧰ু āĻĄেāϞিāĻ­াā§°ীā§° āĻĻ্āĻŦাā§°া

(āĻ—) āĻ• āφ⧰ু āĻ– (āϘ) āĻ“āĻĒā§°ā§° āĻ•োāύোāϟোā§ąেāχ āύāĻšāϝ়

Ans: (c) Both a and b

āωāϤ্āϤ⧰: (āĻ—) āĻ• āφ⧰ু āĻ– āĻĻুāϝ়োāϟা


2. Who can endorse an instrument?

⧍. āĻ•োāύে āĻāϟা āϏঁāϜুāϞিāĻ• āĻ…āύুāĻŽোāĻĻāύ āϕ⧰িāĻŦ āĻĒাā§°ে?

(a) Maker (b) Drawer (c) Payee (d) All of the above

(āĻ•) āύিā§°্āĻŽাāϤা (āĻ–) āĻĄ্ā§°āϝ়াā§° (āĻ—) āĻĒā§°িāĻļোāϧāϕ⧰্āϤা (āϘ) āĻ“āĻĒā§°োāĻ•্āϤ āϏāĻ•āϞোāĻŦোā§°

Ans: (d) All of the above

3. Special endorsement is also called as?

3. āĻŦিāĻļেāώ āĻ…āύুāĻŽোāĻĻāύāĻ•ো āĻŦুāϞি āĻ•োā§ąা āĻšāϝ়?

(a) endorsement in bank (b) endorsement in full

(c) General endorsement (d) Conditional endorsement

(āĻ•) āĻŦেāĻ™্āĻ•āϤ āĻ…āύুāĻŽোāĻĻāύ (āĻ–) āϏāĻŽ্āĻĒূā§°্āĻŖā§°ূāĻĒে āĻ…āύুāĻŽোāĻĻāύ (āĻ—) āϏাāϧাā§°āĻŖ āĻ…āύুāĻŽোāĻĻāύ (āϘ) āϚ⧰্āϤāϏাāĻĒেāĻ•্āώ āĻ…āύুāĻŽোāĻĻāύ

Ans: (b) endorsement in full


4. An uncrossed cheque is known as?

4. āĻ•্ā§°āĻ› āύোāĻšোā§ąা āϚেāĻ• āĻāϟাāĻ• āĻŦুāϞি āĻ•োā§ąা āĻšāϝ়? (a) Open cheque (b) Bearer cheque (c) Order cheque (d) None of the above

(āĻ•) āĻ–োāϞা āϚেāĻ• (āĻ–) āĻŦেāϝ়াā§° āϚেāĻ•

(āĻ—) āĻ…ā§°্āĻĄাā§° āϚেāĻ• (āϘ) āĻ“āĻĒā§°ā§° āĻ•োāύোāϟো āύāĻšāϝ়

Ans: (a) Open cheque

FILL IN THE BLANKS

āĻ–াāϞী āĻ াāχāĻŦোā§° āĻĒূā§°āĻŖ āϕ⧰āĻ•

1. Payment of a crossed cheque ......... made at the counter of the bank. [is/is not]

1. āĻ•্ā§°āĻ› āϕ⧰া āϚেāĻ• āĻāϟাāĻĒā§°িāĻļোāϧ ....... āĻŦেāĻ™্āϕ⧰ āĻ•াāωāĻŖ্āϟাā§°āϤ āϤৈāϝ়াā§° āϕ⧰া। [āĻšāϝ়/āύāĻšāϝ়]

Ans: (1) is not,


2. An open cheque ..........a safe mode [is/is not]

2. āĻāϟা āĻ–োāϞা āϚেāĻ• ........ āĻāϟা āϏুā§°āĻ•্āώিāϤ āĻŽোāĻĄ [āĻšৈāĻ›ে/āύāĻšāϝ়]

Ans: (2) is not,

3. When a cheque bears across it face the name of the banker, the cheque is said to be crossed ............. [generally/specially]

3. āϝেāϤিāϝ়া āϚেāĻ• āĻāĻ–āύে āχāϝ়াā§° āĻ“āĻĒā§°েā§°ে āĻŦেংāĻ•াā§°ā§° āύাāĻŽā§° āĻŽুāĻ–াāĻŽুāĻ–ি āĻšāϝ়, āϚেāĻ•āϟো āĻ•োā§ąা āĻšāϝ় āĻĒাā§° āĻšৈ āĻ—'āϞ....... [āϏাāϧাā§°āĻŖāϤে/āĻŦিāĻļেāώāĻ­াā§ąে]

Ans: (3) specially

4. An order instrument can be negotiated by ........... [delivery/endorsement and delivery]

4. āĻāϟা āĻ…ā§°্āĻĄাā§° āϏঁāϜুāϞিā§° āĻĻ্āĻŦাā§°া āĻŽীāĻŽাংāϏা āϕ⧰িāĻŦ āĻĒাā§°ি....  [āĻĄেāϞিāĻ­াā§°ী/āĻāĻŖ্āĻĄোā§°্āϚāĻŽেāĻŖ্āϟ āφ⧰ু āĻĄেāϞিāĻ­াā§°ী]

Ans: (4) endorsement and delivery,

5. An instrument obtained through forgery ........... give a better title. [does/does not]

5. āϜাāϞিāϝ়াāϤিā§° āϜ⧰িāϝ়āϤে āĻĒ্ā§°াāĻĒ্āϤ āĻāϟা āϏঁāϜুāϞি ........ āĻāϟা āĻ­াāϞ āĻļিā§°োāύাāĻŽ āĻĻিāϝ়āĻ•।   [āϕ⧰ে/āύāϕ⧰ে]

Ans: (5) does not

TRUE/FALSE

āϏāϤ্āϝ/āĻŽিāĻ›া 1. A separate slip of paper attached to the instrument is called as Allonge

1. āϏঁāϜুāϞিāϟোā§° āϏৈāϤে āϏংāϞāĻ—্āύ āĻ•াāĻ—āϜ⧰ āĻāϟা āĻĒৃāĻĨāĻ• āϏ্āϞিāĻĒāĻ• āĻāϞোāĻž্āϜ āĻŦুāϞি āĻ•োā§ąা āĻšāϝ়

Ans: (1) True


2. Partial indorsement is valid endorsement

2. āφংāĻļিāĻ• āχāύāĻĄā§°্āĻŽেāĻŖ্āϟ āĻšৈāĻ›ে āĻŦৈāϧ āĻ…āύুāĻŽোāĻĻāύ

Ans: (2) False

3. "Pay the contents to Rajat only," is an example of restrictive endorsement

3. "āĻ•েā§ąāϞ ā§°āϜāϤāĻ• āĻšে āϏāĻŽāϞāĻĒā§°িāĻļোāϧ āϕ⧰āĻ•," āĻšৈāĻ›ে āĻĒ্ā§°āϤিāĻŦāύ্āϧāĻ• āĻ…āύুāĻŽোāĻĻāύ⧰ āĻāĻ• āωāĻĻাāĻšā§°āĻŖ

Ans: (3) True

4. Payment of an open cheque is made at the counter of the bank.

4. āĻŦেāĻ™্āϕ⧰ āĻ•াāωāĻŖ্āϟাā§°āϤ āĻ–োāϞা āϚেāĻ• āĻĒā§°িāĻļোāϧ āϕ⧰া āĻšāϝ়। 

Ans: (4) True


5. Where a cheque is crossed generally, the holder may cross it specially

5. āϝ'āϤ āϏাāϧাā§°āĻŖāϤে āϚেāĻ• āĻāϟা āĻĒাā§° āϕ⧰া āĻšāϝ়, āϧাā§°āĻ•ে āχāϝ়াāĻ• āĻŦিāĻļেāώāĻ­াā§ąে āĻ…āϤিāĻ•্ā§°āĻŽ āϕ⧰িāĻŦ āĻĒাā§°ে

Ans: (5) True

SHORT QUESTIONS 1. What is crossing of a cheque?

1. āϚেāĻ• āĻāϟা āĻ•ি āĻ•্ā§°āĻ› āϕ⧰া āĻšৈāĻ›ে?

Ans:

2. What is the advafntage of crossing a cheque?

2. āϚেāĻ• āĻāϟা āĻ…āϤিāĻ•্ā§°āĻŽ āϕ⧰াā§° āϏুāĻŦিāϧা āĻ•ি?

Ans:

3. Define the term negotiation.

3. āĻŽীāĻŽাংāϏা āĻļāĻŦ্āĻĻāϟো āύিā§°্āϧাā§°āĻŖ āϕ⧰āĻ•।

Ans:

4. Differentiate between negotiation and assignment.

4. āĻŽীāĻŽাংāϏা āφ⧰ু āĻ†ā§ąāĻŖ্āϟāύ⧰ āĻŽাāϜāϤ āĻĒাā§°্āĻĨāĻ•্āϝ āϕ⧰āĻ•।

Ans:

5. What is assignment of a debt?

ā§Ģ. āĻ‹āĻŖ ā§°āĻ–াāϟো āĻ•ি?

Ans:

6. What are the modes of negotiation?

6. āĻŽীāĻŽাংāϏাā§° āĻĒāĻĻ্āϧāϤিāĻŦোā§° āĻ•ি?

Ans:

7. How can a blank indorsement converted into a full indorsement?

7. āĻāϟা āĻ–াāϞী āχāĻŖ্āĻĄোā§°āϚেāĻŽেāĻŖ্āϟ āĻ•েāύেāĻ•ৈ āϏāĻŽ্āĻĒূā§°্āĻŖ āĻŦীāĻŽাāϞৈ ā§°ূāĻĒাāύ্āϤ⧰িāϤ āĻš'āĻŦ āĻĒাā§°ে?

Ans:

8. Can partial indorsement be a valid indorsement?

8. āφংāĻļিāĻ• āχāύāĻĄā§°্āĻŽেāĻŖ্āϟ āĻāϟা āĻŦৈāϧ āχāύāĻĄā§°্āĻŽেāĻŖ্āϟ āĻš'āĻŦ āĻĒাā§°ে āύেāĻ•ি?

Ans:

9. What is the effect of the words "Not negotiable" written in the crossing of a crossed cheque?

9. āĻ•্ā§°āĻ› āϕ⧰া āϚেāĻ• āĻāĻ–āύ āĻĒাā§° āĻšৈ āϝোā§ąাāϤ āϞিāĻ–া "āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āύāĻšāϝ়" āĻļāĻŦ্āĻĻāĻŦোā§°ā§° āĻĒ্ā§°āĻ­াā§ą āĻ•ি?

Ans:

10. Who can cross a cheque?

10. āĻ•োāύে āϚেāĻ• āĻĒাā§° āϕ⧰িāĻŦ āĻĒাā§°ে?

Ans:

11. Differentiate between an open cheque and a crossed cheque.

11. āĻ–োāϞা āϚেāĻ• āφ⧰ু āĻ•্ā§°āĻ› āϕ⧰া āϚেāϕ⧰ āĻŽাāϜāϤ āĻĒাā§°্āĻĨāĻ•্āϝ āϕ⧰āĻ•।

Ans:

 

LONG QUESTIONS āĻĻীāϘāϞীāϝ়া āĻĒ্ā§°āĻļ্āύ 1. Define negotiation. How is it different from assignment?

1. āĻŽীāĻŽাংāϏাā§° āϏংāϜ্āĻžা āĻĻিāϝ়āĻ•। āĻāĻ›াāχāύāĻŽেāĻŖ্āϟāϤāĻ•ৈ āĻāχāϟো āĻ•েāύেāĻ•ৈ āĻĒৃāĻĨāĻ•?

Ans:

2. "A negotiable instrument may be transferred by negotiation or assignment, but with different consequences to the holder". Do you agree with the statement?

2. "āĻŽীāĻŽাংāϏা āĻŦা āĻ†ā§ąāĻŖ্āϟāύ⧰ āĻĻ্āĻŦাā§°া āĻāĻ• āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞি āϏ্āĻĨাāύাāύ্āϤ⧰ āϕ⧰া āĻš'āĻŦ āĻĒাā§°ে, āĻ•িāύ্āϤু āϧাā§°āĻ•āϞৈ āĻŦিāĻ­িāύ্āύ āĻĒā§°িāĻŖাāĻŽā§° āϏৈāϤে"। āφāĻĒুāύি āĻŦিāĻŦৃāϤিāϟোā§° āϏৈāϤে āϏāύ্āĻŽāϤ āύেāĻ•ি?

Ans:

3. Explain the kinds of indorsements.

3. āχāĻŖ্āĻĄোā§°্āϚেāĻŽেāĻŖ্āϟ⧰ āĻĒ্ā§°āĻ•াā§°āĻŦোā§° āĻŦā§°্āĻŖāύা āϕ⧰āĻ•।

Ans:

4. Define crossing of cheque. Explain the modes of crossing a cheque.

4. āϚেāĻ• āĻ•্ā§°āĻ›িং āύিā§°্āϧাā§°āĻŖ āϕ⧰āĻ•। āϚেāĻ• āĻāĻ–āύ āĻĒাā§° āĻšোā§ąাā§° āĻĒāĻĻ্āϧāϤিāĻŦোā§° āĻŦā§°্āĻŖāύা āϕ⧰āĻ•। 

Ans:


5. Explain the essentials of a valid negotiation.

5. āĻŦৈāϧ āĻŽীāĻŽাংāϏাā§° āĻĒ্ā§°āϝ়োāϜāύীāϝ়āϤাāĻŦোā§° āĻŦā§°্āĻŖāύা āϕ⧰āĻ•।

Ans:

6. Discuss the modes of transferring negotiable instruments.

6. āĻŽীāĻŽাংāϏাāϝোāĻ—্āϝ āϏঁāϜুāϞিāϏ্āĻĨাāύাāύ্āϤ⧰ āϕ⧰াā§° āĻĒāĻĻ্āϧāϤিāĻŦোā§° āφāϞোāϚāύা āϕ⧰āĻ•। 

Ans:


7. Explain the modes of negotiation.

7. āĻŽীāĻŽাংāϏাā§° āĻĒāĻĻ্āϧāϤিāĻŦোā§° āĻŦā§°্āĻŖāύা āϕ⧰āĻ•।

Ans:

8. Can dishonour of a cheque amount to an offence ?

8. āϚেāĻ• āĻāϟাā§° āĻ…āϏāύ্āĻŽাāύ āĻāϟা āĻ…āĻĒā§°াāϧ⧰ āϏāĻŽাāύ āĻš'āĻŦ āĻĒাā§°ে āύেāĻ•ি?

Ans:




Type: Priyam Jyoti Patar


Post Id: DABP003556