Fact Pattern 25-1
Erin draws a check payable to "Foodland" to buy groceries.
-Refer to Fact Pattern 25-1. With respect to Erin's check, Foodland is
A) the drawee.
B) the drawer.
C) the maker.
D) the payee.

Question

Fact Pattern 25-1
Erin draws a check payable to "Foodland" to buy groceries.
-Refer to Fact Pattern 25-1. With respect to Erin's check, Foodland is
A) ​the drawee.
B) ​the drawer.
C) ​the maker.
D) ​the payee.

Quizplus · Accepted Answer

Foodland is the payee, as it is the party receiving the payment from Erin's check. The drawer is Erin, as she is the one issuing the check. The maker refers to the bank that Erin uses to issue the check, and the drawee is the bank upon which the check is drawn (which is not applicable in this scenario).

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