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Sagot :
Bart received a check for his birthday as a present from his grandmother. Bart is a holder of the check. The correct option is (E).
What do you mean by the holder?
Any individual who is in charge of a promissory note, bill of exchange, or check is referred to as the holder. It should be given his own name as the author.
Holder refers to a person who is legitimately entitled to possess a negotiable instrument and receive the money owed on it.
Abroad phrase for someone having property, but typically referring to anyone holding a promissory note, check, bond, or other paper that has been either handed to the holder (by delivery) or signed over by endorsement and for which he/she/it is entitled to receive payment as indicated in the document.
The check writer is the drawer, and the check recipient is the payee.
Therefore, Bart received a check for his birthday as a present from his grandmother. Bart is a holder of the check.
To know more about the Holder, visit:
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