Jacob Benito Runs a Business Based in Norway That Sells

Multiple Choice

Jacob Benito runs a business based in Norway that sells the steel used in hockey blades.Jacob sold $50 000 worth of steel to Wayne Lemieux of Canada on August 8,2006.The two parties agreed that the $50 000 would not be due until October 8,2006 and Wayne arranged for the payment to be made through his line of credit at ABC Trust Company.Which of the following is true?

A) Jacob is the payee,Wayne is the drawer,and ABC is the drawee.
B) Jacob is the drawee,Wayne is the drawer,and ABC is the payee.
C) Jacob is the drawee,Wayne is the payee,and ABC is the drawer.
D) Jacob is the payee,Wayne is the drawee,and ABC is the drawer.
E) Jacob is the payee,Wayne is the drawee,and ABC is the other payee.