In payment for a shipment of fittings, Retool LLC offers Supply Company a cashier's check. A cashier's check functions the same as cash because

A) the bank has committed itself to paying the stated amount on demand.
B) the party to whom the check is payable is the bank.
C) the bank on which the check is drawn is not the drawer.
D) a check is not a debt-it is only the evidence of a debt.

Cashier's Check

A check issued by a bank, drawn from its own funds and signed by a cashier, considered very secure as it guarantees the available amount of cash.

Paying

The act of giving money, goods, or other forms of value in exchange for an item, service, or to fulfill an obligation.

Debt

An amount of money borrowed by one party from another, often with the condition of repayment with additional interest.