Multiple Choice
Sam writes a check drawn on his account at First Bank to State University to pay his tuition.In this case:
A) Sam is the drawer.
B) the university is the drawee.
C) the bank is the payee.
D) Sam is the maker.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q9: What are the requirements of negotiability under
Q28: The drawee is the individual who signs
Q32: References to other agreements in negotiable instruments:<br>A)destroy
Q32: The person who signs a note and
Q42: Notes and certificates of deposit are orders
Q46: Only a bank may serve as the
Q57: By the concept of _, a transferee
Q59: Although the name of Article 3 has
Q62: Which of the following would NOT be
Q63: A promissory note is an instrument that