Albert owes George a sum of money and gives George a cheque made out to George for the amount he owes.In this case,George is
A)The payor of the cheque.
B) the assignor of the cheque.
C) the payor of the cheque.
D)the holder of the cheque
E)the endorser of the cheque

Question

Albert owes George a sum of money and gives George a cheque made out to George for the amount he owes.In this case,George is
A)The payor of the cheque.
B)  the assignor of the cheque.
C)   the payor of the cheque.
D)the holder of the cheque
E)the endorser of the cheque

Quizplus · Accepted Answer

George is the holder of the cheque because he is the person to whom the cheque is made out and who is entitled to receive the payment.

Albert Owes George a Sum of Money and Gives George