Can someone state the answer and why that is the answer. Question What is a bank mandate form? A. This is an instruction to a bank to make a payment direct to a supplier? B. A list of personnel within a company authorized to sign cheques. C. Names and specimen signatures of individuals authorized to sign cheques supplied to a bank D. A request to open a bank account
The Correct answer is C because a bank Mednate form usually contain the name and signature of a person who is/are authorized for signing cheaques for payments from an organization’s side and it will be sent to Bank as a kind of instruction