26.2k views
3 votes
Saul wrote Olive a check for $296.45, and Olive deposited the check into her checking account. Where was Olive's signature?

2 Answers

4 votes

on the back of the check

User Amir Gorji
by
7.5k points
5 votes

Answer

Olive’s signature will be at the back

Step-by-step explanation

When the cheque was made payable to Olive, it mean that the cheque was paid out to Olive thus it should bear a signature on the back indicating that the cheque has been made over to him. This is called endorsement in Blank, where it is legally made payable to anyone. Olive can therefore receive this cheque endorsed in this manner.


User Rahul Pasricha
by
8.4k points