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 

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