Fact Pattern 19-1
Erin draws a check payable to "Foodland" to buy groceries.
-Refer to Fact Pattern 19-1. 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 19-1
​Erin draws a check payable to "Foodland" to buy groceries.
-Refer to Fact Pattern 19-1. 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, instructing the bank to pay the specified amount to the payee.

Fact Pattern 19-1 ​Erin Draws a Check Payable to "Foodland" to Buy Groceries

Fact Pattern 19-1 Erin Draws a Check Payable to "Foodland" to Buy Groceries