When the payee of a check indorses a check to another person (the indorsee) ,what is true about the indorsee?
A) The indorsee must get the consent of the drawer to further transfer the check.
B) In order to collect on the check, the indorsee must present the check for payment at the drawee bank.
C) The indorsee cannot indorse the check to another indorsee.
D) The indorsee becomes a holder, who can either demand payment, or indorse the check to yet another indorsee.
E) The indorsee must join with the payee of the check when seeking payment.
Correct Answer:
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