A(n) ________ Is a Party in Possession of an Instrument

question 2

Multiple Choice

A(n) ________ is a party in possession of an instrument that is payable to the party or to the bearer.

• A) endorsee
• B) bearer
• C) payee
• D) trustee
• E) holder

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Definitions:

Divide Income

The process of distributing a portion of a company's earnings to its shareholders as dividends.

Partnership Net Income

Partnership Net Income is the total earnings made by a partnership, to be divided among its partners according to their agreement.