One who possesses a cashier's check payable from him to someone else is which of the following?
A)Endorser.
B)Bearer.
C)Holder in due course.
D)Holder.
E)Possessor.

Question

Quizplus · Accepted Answer

A)A holder is a party in possession of an instrument payable to the party or the bearer [UCC 1-20120)].One who possesses a cashier's check payable to someone else is not a holder even though his name appears on it.The person the check is payable to becomes the first holder.
B)A holder is a party in possession of an instrument payable to the party or the bearer [UCC 1-20120)].One who possesses a cashier's check payable to someone else is not a holder even though his name appears on it.The person the check is payable to becomes the first holder.
C)A holder is a party in possession of an instrument payable to the party or the bearer [UCC 1-20120)].One who possesses a cashier's check payable to someone else is not a holder even though his name appears on it.The person the check is payable to becomes the first holder.
D)A holder is a party in possession of an instrument payable to the party or the bearer [UCC 1-20120)].One who possesses a cashier's check payable to someone else is not a holder even though his name appears on it.The person the check is payable to becomes the first holder.
E)A holder is a party in possession of an instrument payable to the party or the bearer [UCC 1-20120)].One who possesses a cashier's check payable to someone else is not a holder even though his name appears on it.The person the check is payable to becomes the first holder.

One Who Possesses a Cashier's Check Payable from Him to Someone