Multiple Choice
If Sam writes a check drawn on his account at First Bank to Towers University to pay his tuition:
A) Sam is the drawer.
B) the university is the drawee.
C) the bank is the payee.
D) Sam is the maker.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: Negotiability is wholly a matter of form.
Q10: Which of the following is correct with
Q19: A reference to another writing makes a
Q28: The drawee is the individual who signs
Q31: An "X" or a thumbprint could constitute
Q41: Words of negotiability are:<br>A) "To the order
Q56: Identify the parties to checks and notes.
Q59: Negotiability invests commercial paper with a high
Q67: A medium of exchange adopted or authorized
Q68: Which of the following would be an