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

Verified
Correct Answer:
Verified
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