LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas. LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days. Midstates Utility signs and dates the draft.? Refer to Fact Pattern 23-2. On this instrument, LNG is
A) thebanker
B) thedrawer.
C) themaker.
D) the trader.
B
Business
You might also like to view...
In developing an advertising campaign, agencies do not use pretesting until they have determined the media types and media schedule
Indicate whether the statement is true or false
Business
Prime costs consist of direct labor and factory overhead.
Answer the following statement true (T) or false (F)
Business
What defenses can be raised by a criminal defendant who is found to have committed a criminal act?
Business
________ tend to be significant consumers of energy and water and emitters of waste and greenhouse gases and thus offer significant opportunities for profitable improvement
A) Employees B) Production processes C) Facilities D) Vehicles
Business