Multiple Choice
Fiora has a checking account at Big Bank.She writes a check on her account to Lisa,who submits the check to Food Stuff to buy groceries.Food Stuff obtains payment on the check from Big Bank.Which of the following is true?
A) Fiora is the drawer, Lisa is the payee, Lisa is the indorser, Food Stuff is the indorsee, and Big Bank is the drawee.
B) Fiora is the drawer, Lisa is the drawee, Lisa is the indorser, Food Stuff is the indorsee, and Big Bank is the payee.
C) Fiora is the drawee, Lisa is the drawer, Lisa is the indorser, Food Stuff is the indorsee, and Big Bank is the payee.
D) Fiora is the indorsee, Lisa is the payee, Lisa is the indorser, Food Stuff is the indorsee, and Big Bank is the drawer.
E) Fiora is the drawee, Lisa is the payee, Lisa is the indorser, Food Stuff is the indorsee, and Big Bank is the drawer.
Correct Answer:

Verified
Correct Answer:
Verified
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