Adam writes a cheque in favour of Bruce on a cheque form issued by CitiBank. In this situation who is Citibank?

Question

Quizplus · Accepted Answer

Citibank is the drawee in this situation as it is the financial institution that issued the cheque form, and it will be the one responsible for honoring the cheque if Bruce deposits it into his account. The drawer is Adam, who wrote the cheque, and the payee is Bruce, who will receive the payment.

Adam Writes a Cheque in Favour of Bruce on a Cheque