Emily gave Pierre a cheque for $5000 as payment for the car he sold her.Pierre owed Henry $5000,and he provided Emily's cheque to Henry to satisfy the debt.Henry couldn't make it to the bank,so he gave it Nigel to deposit for him.How did Henry's bank respond to Nigel's request to deposit the cheque?

Question

Quizplus · Accepted Answer

Given that all endorsements were in order, the bank would accept the cheque for deposit. This is a common practice in banking where cheques can be endorsed and passed to another party for deposit or payment, as long as the endorsements are properly made.

Emily Gave Pierre a Cheque for $5000 as Payment for the Car