Hot Dress.Doreen writes a check for a dress to Hot Dresses,Inc.,a small specialty shop owned primarily by Betty.Betty was getting ready to go on an extended European vacation and temporarily closed the shop the day after the dress sale to Doreen.When Betty returned,she had a number of other things to do and did not take Doreen's check and some other checks to the bank for three months.Betty was independently wealthy and only ran the shop as a hobby,so she had not been in need of funds.When Betty finally took Doreen's check to the bank,Betty requested that her bank,ABC Bank,deposit the check into her account.However,when ABC Bank requested payment from Doreen's bank,XYZ Bank,the check was dishonored because of insufficient funds in Doreen's account.Although Betty did not particularly need the funds,she did not like to feel as if she had been cheated; therefore,she demanded that Doreen make the check good.Which of the following parties would be considered the drawer of the check Doreen presented to Betty at Hot Dresses,Inc.?
A) Doreen
B) Hot Dresses,Inc.
C) Betty,because she owns Hot Dresses,Inc.
D) Doreen's bank
E) Betty's bank
Correct Answer:
Verified
Q60: Which of the following results in liability
Q61: When can a transferee bring suit against
Q62: Hot Dress.Doreen writes a check for a
Q63: Run Around.Millie issues a note to Bob.Bob
Q64: A right to _ is the ability
Q66: Personal defenses to the payment of an
Q67: Run Around.Millie issues a note to Bob.Bob
Q68: Real defenses apply to _,while personal defenses
Q69: Check Cashing Business.Susan owns and operates a
Q70: Which of the following is a correct
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents