Multiple Choice
The person to whom the order in a draft is addressed is known as the:
A) payee.
B) drawee.
C) drawer.
D) maker.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q40: Commercial paper facilitates the transfer of funds
Q41: A promissory note that is payable "on
Q42: A(n) _ instrument's terms are enforceable, but
Q43: An action taken by a person on
Q44: A certificate of deposit is a written
Q46: A nonnegotiable instrument's terms are not enforceable.
Q47: If a check is made payable to
Q48: An acceptor is a drawer who has
Q49: The drawer is the person on whom
Q50: George was the maker of a written