Pippi,the manager of Quik Mart,deposits the store's receipts in its account at Regional Bank.As to the receipts,the relation?ship between Quik Mart and the bank is
A)attorney and client.
B)creditor and debtor.
C)guardian and ward.
D)trustee and beneficiary.

Question

Quizplus · Accepted Answer

The relationship between Quik Mart and the bank is that of a creditor and debtor since Quik Mart is depositing its receipts in the bank's account, thereby making the bank the creditor of the funds while Quik Mart becomes the debtor.

Pippi,the Manager of Quik Mart,deposits the Store's Receipts in Its