A Drawee That Refuses to Pay a Draft or a Check

question 25

True/False

A drawee that refuses to pay a draft or a check is liable to the payee or holder.

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Definitions:

Buyers

Individuals or entities that purchase goods or services for personal use, resale, or production.

Sellers

Individuals or entities that offer goods or services for sale to consumers or other buyers.

Buyers

Individuals or entities that purchase goods or services for use or consumption.

Tax

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.