Francenie has a checking account at Corner Bank.She wants tickets to an upcoming concert.She writes a check to Ticketmaster for the cost of two tickets.In this scenario:
A)Francenie is the drawee, Corner Bank is the drawer, and Ticketmaster is the payee.
B)Francenie is the maker, Corner Bank is the drawee, and Ticketmaster is the payee.
C)Francenie is the drawer, Corner Bank is the drawee, and Ticketmaster is the payee.
D)Francenie is the payee, Corner Bank is the drawer, and Ticketmaster is the maker.

Question

Quizplus · Accepted Answer

Francenie is the person who is creating the check, so she is the drawer. Corner Bank is the financial institution that is being drawn upon, so it is the drawee. Finally, Ticketmaster is the recipient of the funds, making them the payee. Therefore, the correct choice is C.

Francenie Has a Checking Account at Corner Bank