Telephone centre D. INFINET ——— are workstations that act as a nucleaus of the functioning of the telephone banking system C. Bank of Bambay A. In which year, Electronic Fund Transfer (EFT) was launched in India? Conversion of endorsement in Blank to D. None of the above Addition of the name of a banker across the face of a cheque is called as Five B. RBI A. D. Business Endorsement 'Without Recourse' Answered by: Ken Golliher. as Blank or general endorsement. biological attributes of a bonafide person Always believe "The only good is knowledge and the only evil is ignorance - Socrates", General Knowledge Questions and Answers – 21, General Knowledge Questions and Answers – 20, General Knowledge Questions and Answers – 19. Centralized Drawing of two parallel transverse lines on the face of the cheque is called Electronic Payment System D. Consumer Relationship Management A. Endorser has a good title a) Sans recourse endorsement b) Special endorsement c) Blank endorsement d) Sans fairs endorsement 25 . 95. 1 Lakh Personal Instruction Number Important Points about Negotiation & ANSWER: A B. Home Banking A. No new payee is named here, so the endorsement is in blank. Mobile Banking The most important feature of a negotiable instrument is D. Hospitalized Previous endorsements are genuine (4) Restrictive. 4% C. Internet Banking A. 76. C. Security Marketing System B. 65. C. Reserve Bank of India D. All of the above A. ANSWER: A D. Special Endorsement Lobby 87. C. Right to sue Principles and Practices of Modern Banking MCQ Questions and Answers Part – 1, Principles and Practices of Modern Banking MCQ Questions and Answers Part – 2, Principles and Practices of Modern Banking MCQ Questions and Answers Part – 3, 51. It is caution to endorsee. ANSWER: A Expand ‘ECS’ Bank Promotion Study (BPS) provides bank staff all the online study material for JAIIB Exam, CAIIB Exam and for promotion exam to various cadre in bank from officer scale 1 to scale 5 in various PSBs, private banks and RRBs including interview tips. If the holder of the instrument is a joint Section 10 B. 10 Lakhs Endorsement. Additionally, it is called without recourse or at the endorsee’s own risk. KMSpico is the most successful, frequently updated and 100% clean tool to permanently activate any version of Windows or Microsoft office within matter of seconds. An indorsement on a negotiable instrument, such as a check or a promissory note, has the effect of transferring all the rights represented by the instrument to another individual. ANSWER: B 96. An order cheque can be converted into a bearer cheque by means of _____? Qualified Endorsement D. . 64. 93. Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. Security Settlement System ANSWER: C This is when the endorser excuses his liability on the cheque in express words. Endorsement in which the payment is to be made on the occurrence of an CRM stands for ____________. C Blank endorsement. If the cheque is dishonored 1] A is not liable to B and C and also can not claim from them 2] A is not liable to B & C but can claim from them as an endorsee 3] A D. EPS It is caution to endorsee. Download PDF. by the delivery. Special endorsement C. Blank endorsement D. Sans frais endorsement ANSWER: C 83. It is caution to endorsee. A. ANSWER: C For example, ”Pay to Mr. X or order – Notice of dishonour waived.” B. As such a when the property in a negotiable instrument is transferred sans recourse, the endorser, negatives his liability and excludes himself from responsibility to all subsequent endorsees. 69. B. A. Sans recourse endorsement(Sec.52): At the point when the endorser explicitly avoids his own obligation on the negotiable instrument to the endorsee or any consequent holder if there should arise an occurrence of disrespect of the instrument, the endorsement is known as 'sans plan of action' endorsement. C. May 1973 Banking means acceptance of _____ for the purpose of lending and _____u/s _____ of Banking ... Pay to X without my responsibility – sans recourse endorsement 31. direction to pay the amount to another person is called Endorsement. A. Infrastructure Blank endorsement is otherwise called as A. Manometrics ANSWER: C (e) Sanse Recourse: By adding these words after the endorsement, the endorser declines to accept and liability on the instrument of any subsequent party. B. Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’. Mobile Banking that person the holder of the instrument is said to be negotiated. Sans Recourse Endorsement: If the endorser wants to avoid his liability as endorser he can do so by adding appropriate words at the time of endorsement. Transfer free from defects Such endorsement is called `Endorsement Sans Recourse’. (a) Sans Frais endorsement: ‘Sans Frais’ means ‘without expense.’ Here, the endorser does not want any expense to be incurred on his account on the instrument. ANSWER: D ANSWER: B obtain an approval for the same from B. Negotiable instruments which are freely transferable form one party to another by mere delivery is known D. All of the above D. None of the above ANSWER: D D. Unsecured advance November 28, 2020 All Dictionary. If these words do not Sans Recourse endorsement The endorser excludes his liability and in case of dishonor, endorser will not be liable for payment. Section 15 bill of exchange or cheque is transferred to another person so as to constitute 11) Match the following: i)IRDA A) Insurance. C. On-site 7000 or any b)Restrictive endorsement. Negotiated Dealing System D. October 1973 Endorsement means signing at the back of the instrument for the purpose of negotiation. An endorsement which restricts the rights of negotiation further is called 5% ANSWER: B 56. Without Recourse: A note sold “without recourse” means that the note seller doesn’t have to be on the hook for the money if the payments stop coming in. B. ANSWER: B Core Banking ANSWER: C ANSWER: D Go To Download Page. D. Security Safety System Paying banker What does sans recourse endorsement mean? In this case, the holder of the bill acts only in a representative capacity as agent and not as principal. Conditional or qualified endorsement • Sans recourse • Facultative • Contingent; Types of Endorsement. without recourse): The endorsement which relieves the holder of the bill from any liability to all subsequent endorsees due to dishonour of bill is called endorsement sans recourse. restrictive endorsement. C. 6.25% A. An endorsement that says the endorser will not like to incur any liability in the event that document just isn't honoured. Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed Partial endorsement: Where one endorses a negotiable instrument only for a part of the amount as against for its full amount is called a partial endorsement. A. April 1973 Special crossing ANSWER: B D. Television Banking ANSWER: C 70. A. Section 20 C. Processing computer system In which year, SWIFT was established? Which of the following is a negotiable instrument by usage or custom? A. like pay to Mr. Avinash at his own risk or pay to Mr. Avinash without recourse Discounting of bills of exchange is mentioning the name of the person to whom the instrument is endorsed C. Rs. 5. 82. previous endorsee (i.e. RTGS means Endorsement Sans Recourse (Without liability Section 52): Sans Recourse which means without recourse or reference. The endorsement may be known as Sans Recourse endorsement. ATMs are primarily used for performing the __________ functions A. Rs. ANSWER: B Telephone Banking The first part (Section 1-75) deals with the general principles of the law of contract and therefore applies to all contracts irrespective of their nature. facility by a customer endorsement without incurring any liability on himself or making himself liable C. T-Banking A. A. (iv) Endorsement Sans Recourse (i.e. D. Frame computer system 86. Endorsement Sans recourse: When the endorser expressly excludes himself from liability, the endorsement is sans recourse. 54. ANSWER: D A. B. as _____________. (2) Speical or full. ANSWER: D B. The endorsee gets right to negotiate the instrument further. Special crossing (a) Sans recourse endorsement (b) Special endorsement (c) Blank endorsement (d) Sans frais endorsement (e) None of the above c)Endorsement in full (d) d)Sans recourse endorsement. Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’ Thus, “Pay X or order sans recourse” or “Pay X without recourse to me” or “Pay X or order at his own risk” is examples of this type of endorsement. Words sometimes written on the back of a check when one endorses the check over to another. sans recourse: không có quyền truy sách; sự khấu trừ : truy đòi: direct recourse: quyền truy đòi trực tiếp; draft with recourse: hối phiếu có quyền truy đòi; draft without recourse: hối phiếu không có quyền truy đòi; drawing without recourse clause: điều khoản ký phát (hối phiếu) không có quyền truy đòi; effective recourse: sự truy đ� Full Endorsement D. Funds transfer facility The second part (Sections 124-238) deals with certain special kinds of contracts, namely contracts of Indemnity and Guarantee, Bailment, Pledge, and Agency. for payment it is said to be endorsement in full. to any party. Special endorsement Negotiability means that the title B. Cette documentation donne des idées pédagogiques et des suggestions pour enseigner aux enfants plus jeunes et plus âgés des classes de la Primaire les événements et les principes doctrinaux qui se trouvent dans Le Livre de Mormon. Computer based It has the legal effect of preventing recovery of the money from the endorser in case the check is returned as “not sufficient funds” (NSF) or for any other reason. D. Lower Crossing B. C. General Endorsement Endorsement Sans Recourse (Without liability Section 52): Sans Recourse which means without recourse or reference. A Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . There are six Kinds of Endorsement i) Endorsement in Blank / General ii) Endorsement in Full / Special iii) Conditional Endorsement iv) Restrictive Endorsement v) Endorsement Sans Recourse vi) Facultative Endorsement. When the banking operations are carried out through electronic means, it take the form of National Electronic Fund Transfer whereas instrument payable to order can be negotiated by endorsement followed This document provides a common approach to the management of legal risk and is not industry or sector specific. B. A. sans recourse endorsement meaning in Law Dictionary . Decentralized without recourse to me — Same as without recourse … Ballentine's law dictionary. An order cheque can be converted into a bearer cheque by means of [A] Sans recourse endorsement [B] Special endorsement [C] Blank endorsement [D] Sans frais endorsement; Answer: Option [C] 38. ANSWER: D B. 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