Mara has a checking account with North Bank. Mara signs a check “payable to Ovid” drawn on Mara’s account. North Bank is
A. none of the choices.
B. the drawee.
C. the drawer.
D. the payee.
Answer: B
You might also like to view...
National Bank has discounted a note for Clems, Inc This is a 9% note with a maturity value of $15,000 for 90 days. The debit to Discount on Notes Payable in Clems' general journal will be in the amount of
a. $15,337.50; b. $15,000.00; c. $14,662.50; d. $1,350.00; e. $337.50
The initial step in achieving the efficiency of a just-in-time system is to
a. redesign the plant layout. b. replace laborers with machines. c. stop ordering materials for inventory. d. identify products that are not profitable.
Explain with examples the extent to which student speech is protected by the First Amendment to the U.S. Constitution's right to free speech
What will be an ideal response?
Teams go beyond accomplishing goals to achieving synergy.
a. true b. false