Multiple Choice
Fact Pattern 16-1
Ewa signs an instrument unconditionally promising to pay to “First State Bank” $5,000 with interest in installments with the final payment due June 1, 2012.
-Refer to Fact Pattern 16-1.With respect to this instrument,First States Bank is
A) the drawee.
B) the drawer.
C) the maker.
D) the payee.
Correct Answer:
Verified
Correct Answer:
Verified
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