Refer to Fact Pattern 14-1. Erin's check is most likely
A)a certificate of deposit.
B)an order to pay.
C)a promise to pay.
D)a promissory note.

Name: Refer to Fact Pattern 14-1. Erin's check is most likely A)a certificate of deposit. B)an order to pay. C)a promise to pay. D)a promissory note.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Refer to Fact Pattern 14-1. Erin's check is most likely​
A)a certificate of deposit.
B)an order to pay.
C)a promise to pay.
D)a promissory note.

Quizplus · Accepted Answer

A check is typically considered an order to pay, as it instructs a bank to pay a specific amount from the drawer's account to the payee.