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
A) the drawee.
B) the indorser.
C) the payee.
D) the drawer.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: Fact Pattern 25-1B (Questions B5-B6 apply)<br>Thalia signs
Q16: To be negotiable, an instrument must be
Q17: Merry draws a check payable to "Cash"
Q18: On April 1 Richard arranges to buy
Q20: Efron borrows money to pay his tuition
Q21: To obtain a business license, Bess writes
Q22: Cricket signs a check payable to the
Q24: A sight draft may be payable on
Q27: With respect to negotiability, the location of
Q53: On a certificate of deposit, the bank