X signs a negotiable instrument ordering Y to pay Z the sum of $500. Y is the:
A) maker.
B) drawee.
C) payee.
D) drawer.

Name: X signs a negotiable instrument ordering Y to pay Z the sum of $500. Y is the: A) maker. B) drawee. C) payee. D) drawer.
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Question

Quizplus · Accepted Answer

In a negotiable instrument where one party (X) orders another party (Y) to pay a third party (Z) a certain sum, Y is referred to as the drawee, the party directed to pay the money.

X Signs a Negotiable Instrument Ordering Y to Pay Z