Albert Owes George a Sum of Money and Gives George

question 20

Multiple Choice

Albert owes George a sum of money and gives George a cheque made out to George for the amount he owes.In this case,George is

• A)the payor of the cheque.
• B)the assignor of the cheque.
• C)the payee of the cheque.
• D)the holder of the cheque.
• E)the endorser of the cheque.

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