Multiple Choice
If Lake writes a check drawn on his account at Southern Bank to Emerson University to pay his tuition:
A) Lake is the drawer.
B) the university is the drawee.
C) the bank is the payee.
D) Lake is the maker.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: Akeya sells and delivers goods to Wayne
Q22: Handwritten words supersede contradicting typewritten words in
Q23: Distinguish between a note and a certificate
Q24: Which of the following is true of
Q25: A draft is payable "to the order
Q27: A check is a draft payable on
Q28: The drawee is the individual who signs
Q29: Which of the following would be a
Q30: A definite time required for negotiability would
Q31: An "X" or a thumbprint could constitute