Mara has a checking account with North Bank. Mara signs a check "payable to Ovid" drawn on Mara's account. North Bank is

Name: Mara has a checking account with North Bank. Mara signs a check "payable to Ovid" drawn on Mara's account. North Bank is
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Question

Quizplus · Accepted Answer

North Bank is the drawee because they are the financial institution responsible for paying the check. Mara is the drawer because she is the account holder who initiated the payment. Ovid is the payee because he is the intended recipient of the funds.

Mara Has a Checking Account with North Bank