The Bank on Which a Cheque Is Drawn Is Called

question 2

Multiple Choice

The bank on which a cheque is drawn is called

• A) the accepting bank.
• B) the certifying bank.
• C) the drawee bank.
• D) the drawer bank.
• E) the promissory note bank.

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Definitions:

Arbitration Agreement

A contract in which parties agree to resolve disputes outside of court, typically by a neutral third party called an arbitrator.

Court Action

Legal proceedings initiated to enforce a right or seek a remedy from a court of law.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature that affects an individual's employment or creates a hostile work environment.

Monopsonist

A market situation where there is only one buyer for a product or service, giving this buyer significant power over the price and terms of purchase.