Thalia signs an instrument unconditionally promising to pay to "Union Bank" $7500 with interest in installments with the final payment due June 1,2017.
-Refer to Fact Pattern 23-3. With respect to this instrument,Union Bank is
A)thedrawee.
B)theindorser.
C)themaker.
D)the payee.

Question

Quizplus · Accepted Answer

Union Bank is the payee because Thalia has promised to pay the amount to Union Bank, making them the recipient of the payment.

Thalia Signs an Instrument Unconditionally Promising to Pay to "Union