The bank upon which a check is drawn is the ________ bank.
A)payor
B)payee
C)depositary
D)certifying
E)acceptor

Question

Quizplus · Accepted Answer

According to Uniform Commercial Code Section 4-302,when a check reaches the payor bank in the check collection process,the payor bank must respond to the check by dishonoring it or becoming liable for the face amount of the check.The bank upon which the check is drawn is the payor bank.

The Bank Upon Which a Check Is Drawn Is the ________