A ________ is a two-party instrument and a ________ is a third-party instrument.
A)Check;note
B)Note;draft
C)Note;check
D)Check;draft
E)Draft;note

Question

Quizplus · Accepted Answer

A)A note involves two parties: a maker and a payee.In contrast,a draft involves
three parties: drawer,drawee,and payee.
B)A note involves two parties: a maker and a payee.In contrast,a draft involves three parties: drawer,drawee,and payee.
C)A note involves two parties: a maker and a payee.In contrast,a draft involves three parties: drawer,drawee,and payee.
D)A note involves two parties: a maker and a payee.In contrast,a draft involves three parties: drawer,drawee,and payee.
E)A note involves two parties: a maker and a payee.In contrast,a draft involves three parties: drawer,drawee,and payee.

A ________ Is a Two-Party Instrument and a ________ Is

A Is a Two-Party Instrument and a Is