1. 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

	1.	the assignor of the cheque.
	2.	the holder of the cheque.
	3.	the payor of the cheque.
	4.	the endorser of the cheque.
	5.	the payor of the cheque.

2. When and how did the use of a seal originate?

	1.	In medieval times when few people could read or write, important covenants were read to the person by a cleric and the person would dip their coats of arms (worn on a signet ring) into the small pool of hot sealing wax at the bottom of the document thereby affixing their seal and adopting the document as his act and deed.
	2.	In Ancient Egypt, thousands of years ago, when few people could read or write, important covenants were read to the person by a cleric and the person would dip their coats of arms (worn on a signet ring) into the small pool of hot sealing wax at the bottom of the document thereby affixing their seal and adopting the document as his act and deed. Only nobility had a coat of arms and therefore regular people were left without the capacity to contract.
	3.	The method of signing and sealing important documents with hot wax and a seal originated in China and was brought to the West by the invading Huns. As they invaded on horseback, carrying pots of ink and quills was not practical. The hot wax was a much cleaner and easier to transport method and allowed business to continue to be conducted even from the road, mid invasion.
	4.	In the 1800s it became the fashion not to simply sign a document but to have a family coat of arms made and letters and documents sealed with this coat of arms instead as it conveyed status and importance. The person would dip their coats of arms (worn on a signet ring) into the small pool of hot sealing wax at the bottom of the document thereby affixing their seal and adopting the document as his act and deed. It originated as a fashion or fad that has simply stayed on for hundreds
	5.	none of the above

3.