Sue makes a note payable to the order of Eric.Eric indorses it and delivers it to Henry, who gives Eric his indorsed paycheck in return.Henry is a "holder" of the note.

Name: Sue makes a note payable to the order of Eric.Eric indorses it and delivers it to Henry, who gives Eric his indorsed paycheck in return.Henry is a "holder" of the note.
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Question

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When Eric indorses the note and delivers it to Henry, Henry becomes the new holder of the note.

Sue Makes a Note Payable to the Order of Eric