Anthony Calate Writes a Cheque on His Bank Account at the Royal

question 85

Multiple Choice

Anthony Calate writes a cheque on his bank account at the Royal Bank to Geri-Anne Ellis. Geri-Anne signs the back of the cheque "pay to Mark Tjan" and gives it to him.

• A)Geri-Anne Ellis is the Payee
• B)Mark Tjan is the holder in due course
• C)Mark Tjan is the drawee
• D)Both A and B
• E)All of the above

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Definitions:

Government Funds

Financial resources allocated by government bodies for various public and administrative purposes.

Voluntary Initiatives

Actions undertaken by individuals or organizations without legal obligation, often aimed at societal benefit or improvement.

Mistrust

Mistrust is a lack of trust or confidence in someone or something, often resulting from experiences of inconsistency or betrayal.

National Taxonomy

A systematic classification or arrangement of items, such as organisms or information, specific to a nation, used for standardized identification and understanding.