Asked by Jordan Prather on Jun 09, 2024
Verified
A ________ is a person who signs as a party ordering payment.
A) maker
B) acceptor
C) drawer
D) endorser
E) promisor
Drawer
The party that writes or creates a bill of exchange, such as a check, commanding a payment to be made to a specified person or entity.
- Characterize the roles and obligations of entities involved in negotiable instruments such as the drawer, maker, endorser, and acceptor.
Verified Answer
DM
Daphne MichaelJun 16, 2024
Final Answer :
C
Explanation :
A drawer is the person who writes or signs a check or draft, instructing the drawee (typically a bank) to pay a specified amount to a third party (the payee).
Learning Objectives
- Characterize the roles and obligations of entities involved in negotiable instruments such as the drawer, maker, endorser, and acceptor.