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Consciously recalling that Abraham Lincoln was assassinated by John Wilkes Booth best illustrates
UCC Article 3
It governs negotiable instruments, including checks and notes, within the Uniform Commercial Code.
Checks
Financial instruments that instruct a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.
Drawer
The party that writes an order, or the person who writes a check.
Payee
The party that receives the benefit of an order (check, etc.).
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