MCQs > Finance & Management > Retail Banking Industry And Processes > 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?

Retail Banking Industry And Processes MCQs

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?

Answer

Correct Answer: Yes, for the amount of $100

Explanation:

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Overall Skill Level-Poor

Your Skill Level: Poor

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