The one who agreed to make a payment, such as a bank making a payment based on a document presented to it is:
A) the payee
B) the beneficiary
C) the drawer
D) the checker
E) none of the other choices
Correct Answer:
Verified
Q232: The _ agrees to make the payment,
Q233: Under Article 3 of the UCC, a
Q234: To be found a holder in due
Q235: A "draft drawn on a bank and
Q236: With negotiable instruments, the party to receive
Q238: The one who receives payment from a
Q239: With negotiable instruments, the party to receive
Q240: Negotiable instruments do not include:
A) notes
B) certificates
Q241: A promise to pay a certain sum
Q242: A _ is a form of check
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