Question:What would happen if Mr. X made a check out to Mr. Y for $100, who indorsed the check, and then sold it for $50 to Mr. Z? Would Mr. Z be able to cash the check?
A Yes, but only for $50, not the face value of $100
B Yes, for the amount of $100
C No, Mr. Z can not cash it since it was sold to him for less than the face value
D No, since it was not issued to him
+ AnswerA
+ Explanation
+ Report