P sold his car to M for P3,000,000.00 and payment was made through a Banco de Oro check.

a. Identify the parties (drawer, payee, drawee).

b. Find a way to turn the transaction into a situation wherein there is Absence of Consideration and Failure of Consideration. Explain?

Answer rating: 100% (QA)

a In this transaction the parties involved are as follows Drawer P the person who sold the car and r... View the full answer