Luigi Tartini attends at his bank with a cheque and signs the back in front of the teller. This drawer of the cheque was Anothony Blair. Blair had endorsed the cheque, "for deposit only to the account of Michel Jones". Which of the following is TRUE?
A) Luigi has acknowledged receiving the amount of the cheque from the teller.
B) The bank will not pay this cheque to Luigi
C) Luigi is entitled to be paid the amount of the cheque as he is the bearer of it
D) Both A and B
E) Both A and C
Correct Answer:
Verified
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