Juan writes a check out payable to the order of Mavis from his checking account at Bonus Banks. Mavis cashes the check at her bank, Minus Bank. In this situation, who is the depositor?

Name: Juan writes a check out payable to the order of Mavis from his checking account at Bonus Banks. Mavis cashes the check at her bank, Minus Bank. In this situation, who is the depositor?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Mavis is the depositor because she is the one who presents the check to her bank, Minus Bank, to deposit or cash it.

Juan Writes a Check Out Payable to the Order of Mavis