Hamid Has a Check Indorsed "Pay to the Order of Hamid

question 15

Multiple Choice

Hamid has a check indorsed "Pay to the order of Hamid Ali." Hamid gives the check to Yasmin without indorsing it. Which of the following statements is true of this case?

• A) Yasmin is not a holder of the check because she failed to indorse the check.
• B) Yasmin is not a holder of the check because Hamid failed to indorse the check.
• C) Yasmin is a holder of the check because only delivery was necessary to negotiate the check.
• D) Yasmin is a holder of the check because she may supply the missing indorsement herself.

---

Definitions:

Sales On Account

Transactions where goods are sold but payment is deferred to a later date.

Cost Of Goods Sold

The immediate expenses related to the manufacturing of products sold by a business, encompassing costs for both materials and labor.

Accounts Receivable Turnover

A financial metric indicating how often a company collects its average accounts receivable balance in a given period.

Financial Data

Information related to the financial performance and position of a company, such as balance sheets, income statements, and cash flow statements.