Chapter 18 Mercantil
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
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.
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