Multiple Choice
Thalia signs an instrument unconditionally promising to pay to "Union Bank" $7500 with interest in installments with the final payment due June 1,2017.
-Refer to Fact Pattern 23-3. With respect to this instrument,Union Bank is
A) thedrawee.
B) theindorser.
C) themaker.
D) the payee.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Negotiating order instruments requires either delivery or
Q12: To properly present a draft for payment,the
Q17: A transfer by assignment can make it
Q21: Vicenzo, in good faith and for value,
Q31: A maker is secondarily liable on an
Q32: An indorser who does not wish to
Q38: A holder takes an instrument for value
Q60: An imposter's indorsement on an instrument is
Q66: Alvin signs a promissory note payable to
Q67: Bernice signs a promissory note for $1,500