Which of the following is true regarding parties who are related to an order?

Question

Quizplus · Accepted Answer

A)Three parties are related to an order.First,a drawer is the party that gives the
order.Second,a drawee is the party that must obey the order.Finally,the payee is the party that receives the benefit of the order.
B)Three parties are related to an order.First,a drawer is the party that gives the order.Second,a drawee is the party that must obey the order.Finally,the payee is the party that receives the benefit of the order.
C)Three parties are related to an order.First,a drawer is the party that gives the order.Second,a drawee is the party that must obey the order.Finally,the payee is the party that receives the benefit of the order.
D)Three parties are related to an order.First,a drawer is the party that gives the order.Second,a drawee is the party that must obey the order.Finally,the payee is the party that receives the benefit of the order.
E)Three parties are related to an order.First,a drawer is the party that gives the order.Second,a drawee is the party that must obey the order.Finally,the payee is the party that receives the benefit of the order.
Page Ref: 630 Topic: Checks

Which of the Following Is True Regarding Parties Who Are