Checks and drafts are:

documents required to evidence the shipment of goods.

documents which detail the transaction between a seller and a buyer.

orders to another person to pay money to a third person.

promises to pay someone money.

Jake writes a check on his checking account with a bank. The bank is the drawee here.

True

False

A cashier's check is a check for which the same bank is both drawer and drawee.

True

False