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What is the term used to describe a blank but stamped instrument?
  • a)
    Inchoate instrument
  • b)
    Usance instrument
  • c)
    Ambiguous instrument
  • d)
    Foreign instrument
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the term used to describe a blank but stamped instrument?a)Inc...
A blank but stamped instrument is referred to as an inchoate instrument. It is a paper that has been signed and delivered to another person, but is either completely blank or has an incomplete negotiable instrument written on it. The holder of the instrument is given authority to make or complete it as a negotiable instrument for any amount specified, as long as it does not exceed the amount covered by the stamp.
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What is the term used to describe a blank but stamped instrument?a)Inchoate instrumentb)Usance instrumentc)Ambiguous instrumentd)Foreign instrumentCorrect answer is option 'A'. Can you explain this answer?
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What is the term used to describe a blank but stamped instrument?a)Inchoate instrumentb)Usance instrumentc)Ambiguous instrumentd)Foreign instrumentCorrect answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the term used to describe a blank but stamped instrument?a)Inchoate instrumentb)Usance instrumentc)Ambiguous instrumentd)Foreign instrumentCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the term used to describe a blank but stamped instrument?a)Inchoate instrumentb)Usance instrumentc)Ambiguous instrumentd)Foreign instrumentCorrect answer is option 'A'. Can you explain this answer?.
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