Suppose that you receive a check from your mother. You sign the check on the back and transfer it to your friend, Kit, in payment for some of Kit's used books. When you signed the check on the back, you became:

a. an indorser.

b. an indorsee.

c. Kit's agent.

d. a third party beneficiary of the check.

Question

Twig

Social Studies

10 December, 13:03

Suppose that you receive a check from your mother. You sign the check on the back and transfer it to your friend, Kit, in payment for some of Kit's used books. When you signed the check on the back, you became:

a. an indorser.

b. an indorsee.

c. Kit's agent.

d. a third party beneficiary of the check.

+3

Answers (1)

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Howard Weber · Answer 1

Answer:a) an indorser.

A cheque indorser is someone who signs on the cheque to enable the cheque to be transfered to another party usually the third party.

Suppose that you receive a check from your mother. You sign the check on the back and transfer it to your friend, Kit, in payment for some of Kit's used books. When you signed the check on the back, you became:a. an indorser.b. an indorsee.c. Kit's agent.d. a third party beneficiary of the check.