Question
Christina writes a check for $5,000 that she intended to go to her friend, Matt. She drew the check from her financial institution, and it
Christina writes a check for $5,000 that she intended to go to her friend, Matt. She drew the check from her financial institution, and it is a negotiable instrument. She decides to simply write "Cash Payment" on the designated payee line. When sending it out to mail, Christina mistakenly put her other good friend, Marie's address as the mailing address. Marie receives the check of $5,000 with "Cash Payment" listed as the payee.
PLEASE SELECT ALL OF THE FOLLOWING THAT APPLIES:
1. Matt is a bearer
2. Matt is a holder
3. Matt is a holder in due course
4. Marie is a bearer
5. Marie is a holder
6. Marie is a holder in due course
7. Christina is a maker
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