Chapter 18

Question 1

The essential role of securities in the course of trade is

Answer 1

C) To facilitate the transfer of credit claims without resorting to the regime of the assignment.

Question 2

Trade securities can be classified

Answer 2

D) All of the above.

Question 3

Which of the following statements is false? (Trade securities)

Answer 3

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

Question 4

Which of the following statements is true? (Trade securities)

Answer 4

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

Question 5

In securities, payment requirements

Answer 5

C) Are simplified and payment made to a person other than the rightful owner can be considered valid.

Question 6

As regards the transfer of securities

Answer 6

D) All of the above.

Question 7

Promissory notes

Answer 7

C) Are securities that incorporate the promise of payment by the signer of a sum of money not subject to conditions.

Question 8

As regards full endorsement

Answer 8

A) In this type of endorsement the ownership of the security is transferred, the endorsee
becoming the rightful owner of the title.

Question 9

The bill of exchange

Answer 9

D) All of the above.

Question 10

As regards the cheque

Answer 10

B) 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.