Question: Evelyn writes a check for $ 2 4 3 . 2 8 to Memphis Light Gas & Water to pay her utility bill. The check
Evelyn writes a check for $ to Memphis Light Gas & Water to pay her utility bill. The check is drawn on Evelyn's account at First South Bank in IViempnis. The check is a draft, a type of negotiable instrument, and:
Evelyn is the payee and First South Bank is the drawee.
Memphis Light Gas & Water is the drawee and Evelyn is the drawer.
First South Bank is the drawee and Memphis Light Gas & Water is the drawer.
Evelyn is the drawer and Memphis Light Gas & Water is the payee.
Tia needs $ to pay her tuition and buy books for her upcoming semester at college. Tia asks Marvin to loan her the money and promises to pay him back
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