Brendan signs a check "pay to the order of City College Bookstore" drawn on his account in Delta Bank to pay for his current semester's textbooks. The bookstore deposits the check in its account in Eagle Bank. Like most checks, this check is
A) a one-party instrument.
B) a four-party instrument.
C) a three-party instrument.
D) a two-party instrument.

Question

Quizplus · Accepted Answer

This check involves three parties: 
1) Brendan - the drawer of the check 
2) City College Bookstore - the payee of the check 
3) Eagle Bank - the bank that processes the check and handles the transfer of funds from Delta Bank to the City College Bookstore's account.

Therefore, this check is a three-party instrument.

Brendan Signs a Check "Pay to the Order of City