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Albert Owes George a Sum of Money and Gives George

Question 20

Multiple Choice

Albert owes George a sum of money and gives George a cheque made out to George for the amount he owes.In this case,George is


A) the payor of the cheque.
B) the assignor of the cheque.
C) the payee of the cheque.
D) the holder of the cheque.
E) the endorser of the cheque.

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