Question: A draft is an order by a maker to a drawee to pay a payee

A draft is an order by a maker to a drawee to pay a 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:

A draft is an order by a maker to a drawee to pay a payee. Select one: True False

Q:

1 . Instruments payable to cash are not considered bearer instruments. true or false 2 . A customer is not allowed to use his or her funds during the float time. true or false 3 . For an instrument...

Q:

1 . Instruments payable to cash are not considered bearer instruments. true or false 2 . A customer is not allowed to use his or her funds during the float time. true or false 3 . For an instrument...

Q:

1 . The use of deadly force in defense of property is rarely justified. true or false 2 . To successfully bring a claim for intentional interference with contract, the plaintiff must prove that he or...

Q:

1 . The use of deadly force in defense of property is rarely justified. true or false 2 . To successfully bring a claim for intentional interference with contract, the plaintiff must prove that he or...

Q:

A draft is an order by a drawer to a drawee to pay a payee. True or False

Q:

A draft is an order by a drawer to a drawee to pay a payee. True or False

Q:

Which of the following is an instrument validating an order by a drawer to a drawee to pay a payee? Multiple Choice Certificate of deposit A draft A deposit slip A note

Q:

Which of the following is an order by a drawer to a drawee to pay a payee? Multiple choice question. A certificate of deposit A note A draft A bailment

Q:

There are four kinds of instruments: draft, check, promissory note, certificate of deposit. A draft is a three-party instrument. This means three persons are involved in the transaction. A draft is...

Q:

a) Bill Reyno owns and operates a bottle recycling plant. He has recently experienced a rash of thefts and break-ins and wants to hire a night watchman or security guard. Bill wants someone large and...

Q:

A company faces increasing needs for capital. Fortunately, it has a Aa3 credit rating. The corporate tax rate is 40%. The company's treasurer is trying to determine the corporation's current WACC in...

Q:

ers 1 - 5 ( i ) What is the purpose of using subaccounts? Multiple Choice To track additional details about the parent account. All of the choices are correct. Increase the complexity of the...

Q:

In the International Journal of Engineering Research & Applications (May-June 2013), structural engineers examined the properties of Portland cement mortar made from rice ash husk. The variables...

Q:

Consider inserting the keys 10, 22, 31, 4, 15, 28, 17, 88, 59 into a hash table of length m = 11 using open addressing with the auxiliary hash function h(k) = k. Illustrate the result of inserting...

Q:

Practice graphing the results of the experiment on the effect of amount and frequency of exercise on depression. In the actual experiment, there was a main effect of amount of exercise: Participants...

Q:

The small slider of mass m is released from rest while in position A and then slides along the vertical-plane track. The track is smooth from A to D and rough (coefficient of kinetic friction k )...

Q:

The cash account for Norwegian Medical Co. at April 30 indicated a balance of $403,784. The bank statement indicated a balance of $468,460 on April 30. Comparing the bank statement and the...

Q:

Create a 200 word summary on the Juvenile Justice System than and today. Describe The Juvenile system and provide a generalizable definition. Highlight the issues in the Juvenile system and why this...

Q:

Ooes the fact that Craig is a valued member of the company with a long record of service make a difference? Or that he is a personal friend of Al's?

Q:

Because Al fired tile employee who violated the company's computer system, would It be inconsistent or unfair of him to treat Craig any differently?

Q:

Was lt right for Al to have asked Craig about his computer usage in the first place? Did he violate Craig's privacy or civil liberties?