Multiple Choice
In a draft transaction, the drawee is the party who ________.
A) demands the draft
B) pays the money stated in a draft
C) writes an order for a draft
D) receives the money from a draft
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: A(n) _ is a clause in an
Q10: Mike deposited $100,000 in a bank and
Q11: Which of the following is true of
Q12: A two-party negotiable instrument that is a
Q13: A trade acceptance is legally a two-party
Q15: A conditional promise is not a negotiable
Q16: Mike deposited $100,000 in a bank and
Q17: Which of the following is a characteristic
Q18: Which of the following is a similarity
Q19: A(n) _ is type of instrument that