In which of the following situations is the person not a holder?
A) Julie has possession of an instrument "Payable to Martin" that has not been indorsed by Martin.
B) Sean has possession of a check "Payable to the order of Tonya" which is indorsed with only Tonya's name.
C) Olsen stole a check that was indorsed in blank.
D) Wanda found a check "Payable to the order of Cash."
E) None of these situations involve a holder.
Correct Answer:
Verified
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