Solved

Planter,Inc

Question 27

Multiple Choice

Planter,Inc.sold $100,000 in plants and plant supplies to Ace Corporation.When the supplies were delivered to Ace,Ace ordered its bank,Fourth National,to pay $100,000 to Planter.Fourth National debited Ace's account and ordered Chase Superior,Planter's bank,to credit Planter's account for $100,000.In this transaction:


A) Planter is the originator and Ace is the beneficiary.
B) Ace is the originator and Chase Superior is the beneficiary.
C) Ace is the originator and Planter is the beneficiary.
D) Fourth National is the beneficiary and Chase Superior,the originator.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents