Fact Pattern 24-1BDominion Sales Ltd. in Canada and Eagle Buying Company in the United States enter a contract for a sale of forestry products. Dominion draws a draft unconditionally ordering Great Federal Bank, Eagle's bank, to pay $60,000 to Dominion's order in sixty days. Eagle signs and dates the draft.Refer to Fact Pattern 24-1B. With respect to this instrument, Dominion is

A. the banker.
B. the maker.
C. the payee.
D. the trader.


Answer: C

Business

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