The Pittsburgh Peelers are a professional soccer team playing in Major League Soccer.They recently approached Darth Water, a leading sports-drink manufacturer, to sponsor their team for the upcoming season.Darth Water agrees to sponsor the team for an amount of $1 million, to be paid in installments over the course of the season.Darth Water instructs its bank, Orange County Bank, to wire the funds to Pittsburgh Peelers' bank, the Jersey Shore Bank, with instructions to credit Pittsburgh Peelers' account.Which of the following parties is the originator of the wire transfer in the above case?

Question

Quizplus · Accepted Answer

Darth Water is the originator of the wire transfer as they instructed their bank, Orange County Bank, to wire the funds to Pittsburgh Peelers' bank, Jersey Shore Bank. Pittsburgh Peelers is the beneficiary of the transfer, Jersey Shore Bank is the beneficiary's bank, and Orange County Bank is the originating bank.

The Pittsburgh Peelers Are a Professional Soccer Team Playing in Major