Fact Pattern 18-1 (Questions 1-2 apply)
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 18-1.With respect to this instrument,First States Bank is

Question

Quizplus · Accepted Answer

First State Bank is the payee because it is the entity to whom the payment is promised in the instrument signed by Ewa.

Fact Pattern 18-1 (Questions 1-2 Apply)