A Forges His Signature on a Cheque Made in Favour

question 63

Multiple Choice

A forges his signature on a cheque made in favour of B,who then endorses it to the order of C.C then endorses the cheque to the order of D,who has no way of knowing that the cheque has been forged.In this case

• A)D is the holder in due course of the cheque.
• B)D is the payee of the cheque.
• C)D is the endorser of the cheque.
• D)D is not a holder in due course of the cheque.
• E)D is the assignee of the cheque.

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Definitions:

Opposite Number

The number that, when added to a given number, results in zero; also known as the additive inverse.

Real Number Line

A line that graphically represents the set of all real numbers in a continuous manner, where each point on the line corresponds to a real number.

Integers

Whole numbers that include positive numbers, negative numbers, and zero, but not fractions or decimals.

Real Number Line

A line that depicts all possible real numbers in a ordered, one-dimensional continuum, with every point on the line corresponding to a real number.