Connie transfers a note by signing it and delivering it to Dana. Dana is
A) an indorser.
B) an indorsee.
C) a drafter.
D) a promisor.

Question

Connie transfers a note by signing it and delivering it to Dana. Dana is​
A) ​an indorser.
B) ​an indorsee.
C) ​a drafter.
D) ​a promisor.

Quizplus · Accepted Answer

Dana is the one who receives the transferred note and therefore is the indorsee, not the indorser who signs and transfers the note. A drafter is the one who creates the original instrument, while a promisor is the one who makes a promise to pay on the instrument.

Connie Transfers a Note by Signing It and Delivering It