If Sam writes a check drawn on his account at First Bank to State University to pay his tuition:
a. Sam is the drawer.
b. the university is the drawee.
c. the bank is the payee.
d. Sam is the maker.
a
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A. World Bank B. WTO C. IMF D. GATT E. EU
A person who authorizes an agent to sign a negotiable instrument on his or her behalf is known as a(n) ________
A) agent B) accommodation party C) principal D) assignor
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