Question: A check is a _ _ _ _ _ _ _ _ _ _ payable _ _ _ _ _ _ _ _ _ _

A check is a __________ payable __________ and drawn on __________.
draft; at a definite time; the payee
draft; on demand; a bank
note; at a definite time; the drawer
note; on demand; the payee

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

QUESTION 31 Fact Pattern 22-2 Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, who then indorses it to Nat, the present...

Q:

r 31 Problem 1-20 (AICPA Adapted) Campbell Company had the following account balances on December 31, 2022: Petty cash fund 50.000 000 Cash on hand 500.000 Cash in bank - current account Cash in bank...

Q:

FOR THE FOLLOWING QUESTIONS, INDICATE WHETHER THE ANSWER IS TRUE OR FALSE. 1. "Personal" defenses to liability on a negotiable instrument include lack of consideration, failure of consideration,...

Q:

1. Felix draws a check payable to "DeliMart" to buy groceries. Felix's check is most likely a. a certificate of deposit. b. an order to pay. c. a promise to pay. d. a promissory note. 2. Felix draws...

Q:

1. Dana writes a check to Becky on Dana's account at Community Bank. The bank dishonors the check even though Dana has sufficient funds in her account. The bank is liable to A) Dana B) Becky C) the...

Q:

1. Jayla and Jamal enter an agreement in which Jamal agrees to pay Jayla $500 over the next three months for a new stereo. Jamal calls Jayla on the phone and promises to pay her the entire $500 no...

Q:

Please upload your good accounting form solution in Excel format so I can study it later. Thanks a Lot! 1.) What is the correct amount of cash? Ecstacy Company reported the following information on...

Q:

CHAPTER 2: CASH AND CASH EQUIVALENTS INTERMEDIATE ACCTG 1A 2021 EDITION by: ZEUS VERNON MILLAN Problem 1 T/F Problem 2 Multiple Choice Theory Problem 4 Multiple Choice Computational Problem 6 For...

Q:

QUESTION 22 V, in good faith and for value, gets from W a check payable to the order of bearer. V has no reason to know that W stole the check. V is a. not an HDC, because the check is a bearer...

Q:

ax purchased a motorcycle from Wanda for $10,000. When the motorcycle was delivered, Max paid for it by giving Wanda a $10,000 check drawn on his personal account at City Bank. At the time Max gave...

Q:

Consider the following two data sets. Each value of the second data set is obtained by adding 7 to the corresponding value of the first data set. Calculate the standard deviation for each of these...

Q:

Mackay Industries had a piece of equipment that cost $32,000 and had accumulated depreciation of $28,000. Requirement 1. Record the disposition of the equipment assuming the following independent...

Q:

Interest expense is not: Multiple Choice Incurred on long - term liabilities. Reported on the income statement. A fixed expense. Likely to vary due to short - term changes in soles of other operating...

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...