Sylvia Draws a Check on ABC Bank Payable "To the Order

question 19

Multiple Choice

Sylvia draws a check on ABC Bank payable "to the order of Ann Smith." Ann indorses it and deposits it in First Bank.First Bank is a:

• A)drawee bank.
• B)collecting bank.
• C)payor bank.
• D)None of these.

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Definitions:

Hydrolysis

A chemical reaction that involves the breaking of a bond in a molecule using water, commonly seen in the breakdown of biomolecules.

Nitriles

Organic compounds containing a cyano group (-C≡N) bonded to an alkyl group, known for their use in organic synthesis and as solvents.

Amides

Organic compounds characterized by a carbonyl group (C=O) attached to a nitrogen atom.

Lithium Aluminum Hydride

A powerful reducing agent used in organic chemistry for the reduction of aldehydes, ketones, and esters to alcohols.