Asked by

Kasey Shinnall
on Dec 18, 2024

verifed

Verified

One who possesses a cashier's check payable to someone else is not a(n) ________ even though his name appears on it.

A) holder
B) holder in due course
C) bearer
D) endorser
E) possessor

Cashier's Check

A check issued by a bank, drawn from the bank’s own funds and signed by a cashier or teller, guaranteed by the bank.

Payable

The amounts of money that a company owes to vendors or creditors for goods or services received that have not yet been paid.

Bearer

The individual in possession of an instrument, such as a check or promissory note, that is not made out to a specific payee.

  • Understand the concept of negotiation and the role of endorsements in the transferability of negotiable instruments.
verifed

Verified Answer

JW
Julian WilliamsDec 20, 2024
Final Answer:
Get Full Answer