Fact Pattern 25-1
Erin draws a check payable to "Foodland" to buy groceries.
-Refer to Fact Pattern 25-1. 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.

Question

Fact Pattern 25-1
Erin draws a check payable to "Foodland" to buy groceries.
-Refer to Fact Pattern 25-1. 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 an order to pay a specified amount of money from a bank account, which is what Erin's check to "Foodland" represents.

Fact Pattern 25-1 Erin Draws a Check Payable to "Foodland" to Buy Groceries