Which of the following is a characteristic of a check?

A) It always draws its money from a financial institute.
B) It is created when credit is extended to a buyer by a seller.
C) It is a two-party instrument.
D) It is an unconditional written promise to pay.


A

Business

You might also like to view...

Scrum does not use any of the conventional project management tools like Gantt charts or network diagrams.

Answer the following statement true (T) or false (F)

Business

What is a collection of large, complex data sets, including structured and unstructured data, that cannot be analyzed using traditional database methods and tools?

A. Big data B. Data scientist C. Distributed computing D. Advanced analytics

Business

At age seventeen,Daryl enters into a contract to buy a dozen movies from eHD Stream, Inc, an online video service. Soon after reaching the age of ma¬jority, Daryl attempts to disaffirm the contract. eHD files a suit against him. The court will most likely consider the contract ratified if it is

a. executed. b. exculpatory. c. express or implied. d. emancipated.

Business

If an issuer requests its correspondent bank where the beneficiary is located to notify the beneficiary of the issuance of a letter of credit, the correspondent bank is called a(n): A) advising bank

B) foreign bank. C) consulting bank. D) coissuer.

Business