If Viola owes Tina money,Tina may draw a document for the amount of the debt,naming Viola as drawer and herself or her bank as payee,and send the document to Viola's bank for payment.This document is a:
A)promissory note.
B)certificate of deposit.
C)draft.
D)bond.

Question

Quizplus · Accepted Answer

A draft has three parties to it: one person (known as the drawer)orders a second person (the drawee)to pay a certain sum of money to a third person (the payee),to a person specified by that person,or to bearer.

If Viola Owes Tina Money,Tina May Draw a Document for the Amount