What Options Does a Payee Have Who Is Holding a Check

question 46

Multiple Choice

What options does a payee have who is holding a check payable to her?

• A) She must seek payment directly from the drawee bank.
• B) She must seek payment on the check,either directly from the drawee bank or by depositing the check in her account at her own bank.
• C) She may seek payment from the drawee bank,seek payment by depositing the check in her account at her own bank,or she may indorse the check to another person,so long as the indorsement has been approved by the drawer.
• D) She may seek payment from the drawee bank,seek payment by depositing the check in her account at her own bank,or she may indorse the check to another person,so long as the indorsement has been approved by the drawee.
• E) She may seek payment from the drawee bank,seek payment by depositing the check in her account at her own bank,or she may indorse the check to another person,and this indorsement does not need the approval of the drawer or drawee.

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Definitions:

mRNA

Messenger RNA, a type of RNA that carries the genetic information from DNA in the nucleus to the cytoplasm, where it serves as a template for protein synthesis.

Translated

The process by which the sequence of a messenger RNA (mRNA) molecule is used by the ribosome to assemble amino acids into a polypeptide.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene content, one inherited from each parent.

Nucleotides

The basic building blocks of DNA and RNA, consisting of a nitrogenous base, a sugar molecule, and one or more phosphate groups.