When the Payee of a Check Indorses a Check to Another

question 58

Multiple Choice

When the payee of a check indorses a check to another person (the indorsee) ,what is true about the indorsee?

• A) The indorsee must get the consent of the drawer to further transfer the check.
• B) In order to collect on the check, the indorsee must present the check for payment at the drawee bank.
• C) The indorsee cannot indorse the check to another indorsee.
• D) The indorsee becomes a holder, who can either demand payment, or indorse the check to yet another indorsee.
• E) The indorsee must join with the payee of the check when seeking payment.

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Definitions:

Reinforcement and Reward

Strategies for strengthening or increasing a desired behavior by providing positive outcomes or incentives following that behavior.

Desirable Behavior

Actions or conduct encouraged within a group or society because it is considered beneficial or socially valued.

Frequency

The rate at which a wave-like pattern or phenomenon, like sound or electromagnetic radiation, occurs within a specific time period.

Antecedent

A factor or event that precedes and influences an outcome.