Fact Pattern 16-1
Ewa signs an instrument unconditionally promising to pay to “First State Bank” $5,000 with interest in installments with the final payment due June 1, 2012.

-Refer to Fact Pattern 16-1.With respect to this instrument,First States Bank is

Question

Fact Pattern 16-1 
Ewa signs an instrument unconditionally promising to pay to “First State Bank” $5,000 with interest in installments with the final payment due June 1, 2012.

-Refer to Fact Pattern 16-1.With respect to this instrument,First States Bank is

Quizplus · Accepted Answer

First State Bank is the payee because it is the entity to whom the payment is promised.