Chapter 18 Mercantil

A modern financial market scene depicting trade securities in action with documents, graphs, and digital currency symbols

Test Your Knowledge on Trade Securities

Do you understand the complexities of trade securities? This quiz is designed to assess your knowledge and understanding of important concepts within the realm of trade securities.

Engage with topics such as:

Various types of trade securities
The role of endorsements
Payment requirements
Different types of negotiable instruments

10 Questions2 MinutesCreated by TradingExpert42

The essential role of securities in the course of trade

To facilitate the financial market supervision

To facilitate the trasnfer of credit claims through the regime of assigment of credits

Tofacilitate the trasnfer of credit claims without restoring to the regime of assigment

A and C are correct

Trade securities can be classified:

According to the form of issuance

According to the nature of the rigth included in the document

According to the way in which the holder of the rigth can be legitimized

All of the above

Which of the following statements is false

The quotas of a limited liability company can be documented in trade securities

As regards tarde securities, there is no uniform regulation

Teh mercantile code draft contains a neat and comprenhensive regulation of securities

The swiss and italian rules contain a uniformand detailed regulation securities

Which of the following statements is true

All the securities shall be necesarily represented by book entries

Securities admitted to trading on regulated markets or multilateral trading systems shall be necessarily represented by book entries

All securities shall be necesarily represented by papers

Securities cannot be represented neither by paper nor by book entries

In securities, payment requirements

Are highly complex and rigid so as to protect legal certainty within the market

Are simplified but payment releases the debtor only if it is made to legitimate creditor

Are simplified and payment made to a person other than the rigthful owner can be considered valid

None of the above

As regards the transfer of securities

The endorsement is a statement in the very security by which the owner expresses his desire for that document to be transferred to a particular person.

Bearer securities are transferable by delivery of the document with- out it being necessary to reflect the transfer in the security.

Nominative securities may be assigned by the creditor without the need of consent by the debtor, for which it shall suffice to notify him of the transfer.

All of the above

Promissory notes

Cannot bearer securities

Are securities that incorporate the promise of payment by the sign- er of a sum of money, subject to certain conditions.

Are securities that incorporate the promise of payment by the sign- er of a sum of money not subject to conditions.

None of the above

As regards full endorsement

All of the above

In this type of endorsement the ownership of the security is trans- ferred, the endorse becoming the rightful owner of the title.

The endorsee is a mere agent of the endorser, authorized to exercise, on behalf of the endorser, the exchange rights.

The rigth to collect is transferred as guarantee for an exisiting credint in favorof the endorsee

The bill of exchange

All of the above

Was created in the medieval times in order to allow the transfer of funds from one place to another

Is a security in which the following parties are involved: the drawer, the drawee, the acceptor and the holder

Includes two under lying relationships: the valuta relationship and the provision of funds relationship

As regards the cheque

Just one underlying relationship is included: the valuta relationship.

It is a security presented in a chequebook, which can only be used in order to spend the money available in an account opened by the drawer at a bank.

The drawee is the person who issues the cheque as a way of payment.

None of the above.

Chapter 18 Mercantil

Test Your Knowledge on Trade Securities

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