Multiple Choice
Fact Pattern 25-3
To borrow the funds to pay tuition at Alpha College, Bea signs an instrument unconditionally promising to pay to "Country Loan Corporation" $7,500 with interest in installments with the final payment due June 1, 2030.
-Refer to Fact Pattern 25-3. With respect to this instrument, Country Bank is
A) the drawee.
B) the indorser.
C) the maker.
D) the payee.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: To finance the purchase of an electric
Q63: Oliver signs an instrument that states it
Q64: Consumer Loans LLC signs an instrument payable
Q65: To be negotiable, an instrument must be
Q66: Fact Pattern 25-1<br>Erin draws a check payable
Q67: A promissory note can be a negotiable
Q69: With an interest-bearing instrument, it is necessary
Q70: Bart, the owner of Clear Cut Corporation,
Q71: Fact Pattern 25-2<br>LNG Corporation and Mid-state Utility
Q72: Quincy draws a check payable to "Replay