Practice Endorsee (5.2.5) - Bills of Exchange - ICSE 11 Accountancy
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Endorsee

Practice - Endorsee

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Learning

Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is an endorsee?

💡 Hint: Think about who benefits from the transferred rights.

Question 2 Easy

Who signs the bill to create an endorsee?

💡 Hint: What do we call the original payee before endorsement?

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

Who is the endorsee in a bill of exchange?

Original payee
Drawee
Party receiving payment rights

💡 Hint: Think about who benefits from signing the bill.

Question 2

True or False: The endorser and endorsee are the same.

True
False

💡 Hint: Consider their roles in the transfer.

2 more questions available

Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Consider a scenario where a bill of exchange is endorsed to three different parties successively. How does this impact the final endorsee's rights compared to the others?

💡 Hint: Think about the chain of trust and legality in endorsements.

Challenge 2 Hard

A company endorses a bill to another company which then dishonors it. Analyze how the first endorser can protect their interest.

💡 Hint: Consider the pathways available to address legal violations in endorsements.

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