📊 Banking Services Management (BSM)
Q. Negotiation-back implies
  • (A) return of the instrument back of he person who indorsed it earlier
  • (B) the endorser does not want the instrument to be indorsed back to him
  • (C) the endorser does not want the endorsee to incur any expenses on endorser’s account
  • (D) none of the above
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✅ Correct Answer: (A) return of the instrument back of he person who indorsed it earlier

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