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

Social Studies

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23 October, 13:20

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.

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Answers (1)

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Lukas Moody · 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.