Multiple Choice
Sarah has a checking account at Secure Bank.Sarah buys her roommate Sophie's two tickets to a Broadway musical for $200.Sarah writes Sophie a check for the tickets.In this situation,Secure Bank is the
A) drawee.
B) indorser.
C) payee.
D) drawer.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: InterComp normally sells $50,000 worth of software
Q21: To obtain a business license, Bess writes
Q23: A time draft is payable on sight.
Q24: A check is not negotiable if it
Q25: To be negotiable,an instrument must be payable
Q26: To obtain office supplies for All-Care Medical
Q27: Personal defenses are used to avoid payment
Q30: Wilson buys a promissory note from Oli.The
Q32: A bearer instrument is an instrument that
Q33: Ralph signs an instrument promising to pay