True/False
A check is a draft drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: On a trade acceptance, the drawer is
Q4: Karen writes on a piece of paper,"I
Q15: On April 1 Richard arranges to buy
Q15: An instrument that promises to pay "in
Q19: EZ Credit Company signs an instrument payable
Q35: Rubber stamp signatures can be legally binding
Q36: Quincy draws a check payable to "Replay
Q39: To borrow money to finance the start-up
Q57: A demand instrument is payable immediately after
Q65: To be negotiable, an instrument must be