Brendan signs a check "pay to the order of 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. This check is
A) a substitute check.
B) a nonnegotiable instrument.
C) a type of draft.
D) not a substitute for cash.

Question

Quizplus · Accepted Answer

A check is a type of draft, which is a written order by one party (the drawer) to another party (the drawee, typically a bank) to pay a certain sum to a third party (the payee).

Brendan Signs a Check "Pay to the Order of College