Question 2 (1 point) Banrait Bat Supply was owed money by Bigger Sports, and in order to repay Banrait, Bigger endorsed a cheque that Mississauga Minor Baseball (MMB) had previously made out to Bigger as payment for an annual large bat order. Banrait has no knowledge of the circumstances or the arrangement between Bigger and MMB. What name describes Banrait's status in relation to the cheque that is now in it's possession? O Holder. 0 Holder in due course. 0 Drawer. O Payee. Question 4 (1 point) A business owner provides a signed and dated (that day) cheque to a management company representing first and last month's rent for a store location. The landlord is holding the cheque. However, two days later, the owner contacts the management company advising they found a new location. A management company employee immediately takes the cheque to the bank to cash it. What will the bank do and why? It will not cash the cheque right away but will call the business owner to confirm if the cheque should be cashed. Q It will cash the cheque since it is guarantee of payment. 0 It will cash the cheque since it is a negotiable instrument. 0 It will not cash the cheque because the party who created the cheque is not present