Which of the following terms is a specific draft,drawn by the owner of a checking account,ordering the bank to pay the payee from that drawer's account?
A)Certificates of deposit
B)Check
C)Note
D)Time instrument
E)Promissory contract

Question

Quizplus · Accepted Answer

A)A check is a specific draft,drawn by the owner of a checking account,ordering
the bank to pay the payee from that drawer's account [UCC 3-104f)].
B)A check is a specific draft,drawn by the owner of a checking account,ordering the bank to pay the payee from that drawer's account [UCC 3-104f)].
C)A check is a specific draft,drawn by the owner of a checking account,ordering the bank to pay the payee from that drawer's account [UCC 3-104f)].
D)A check is a specific draft,drawn by the owner of a checking account,ordering the bank to pay the payee from that drawer's account [UCC 3-104f)].
E)A check is a specific draft,drawn by the owner of a checking account,ordering the bank to pay the payee from that drawer's account [UCC 3-104f)].

Which of the Following Terms Is a Specific Draft,drawn by the Owner