Multiple Choice
Fact Pattern 24-1A (Questions A1-A2 apply)
Flik draws a check payable to "DeliMart" to buy groceries.
-Refer to Fact Pattern 24-1A.With respect to Flik's check,DeliMart is
A) the drawee.
B) the drawer.
C) the maker.
D) the payee.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: An instrument that promises to pay "in
Q2: An undated instrument is not negotiable.
Q4: Karen writes on a piece of paper,"I
Q5: To obtain office supplies for Doctors Medical
Q6: A promissory note payable to "bearer" is
Q7: Hayley signs an instrument payable to the
Q8: Ryan signs an instrument using an "R"
Q9: Shad signs a promissory note payable to
Q10: For an instrument to be negotiable,it need
Q11: A statement in an instrument that payment