Question

Endorsing a check

A. guarantees payment.

B. transfers the right to deposit or transfer cash.

C. cancels the transaction.

D. All of the above

Answer 1

Endorsing a check transfers the right to deposit or transfer cash.

Hope this helps!!

Answer 2

B. Transfers the right to deposit or transfer cash.

Step-by-step explanation:

Endorsing a check deports the rights to its recipient to deposit it or transfer it in the form of cash any time. It is the legal document often associated with 'signing the back of the check' to endorse it. A check is endorsed to acknowledge the mutual consent over the particular payment or transaction. It provides the recipient the right to withdraw the specified amount from the endorser's account in exchange for their deal. Thus, we may refer to it as pay on demand order given to the named individual(recipient) to get it to cash from the Endorser's respective bank.