Use the fact situation above to answer the question. 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, he becomes the endorser and Albert becomes the endorsee. Albert would then be considered the holder of the cheque.

Use the Fact Situation Above to Answer the Question