Use the fact situation in Q2 to answer the related question that follows. If instead of Edward signing the back of the cheque in his name,before Edward gives the cheque to Albert,Edward signs the cheque over to Albert and then gives it to him,then Albert becomes
A)the endorsee and holder of the cheque.
B)the assignor and endorsee of the cheque.
C)the promissor and holder of the cheque.
D)the payor and bearer of the cheque.
E)all of the above

Question

Quizplus · Accepted Answer

If Edward signs the cheque over to Albert, Albert becomes the endorsee and holder of the cheque.

Use the Fact Situation in Q2 to Answer the Related