Solved

Fact Pattern 19-2 ​LNG Corporation and Midstates Utility Company Enter a Contract for a Contract

Question 3

Multiple Choice

Fact Pattern 19-2
​LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas. LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days. Midstates Utility signs and dates the draft.
-Refer to Fact Pattern 19-2. On this instrument, LNG is


A) the banker.
B) the drawer.
C) the maker.
D) the trader.

Correct Answer:

verifed

Verified

Related Questions