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_____ Relationships Are Relationships Between Buyer and Seller Based Upon

question 36

Multiple Choice

_____ relationships are relationships between buyer and seller based upon close personal friendships and a medium level of concern for the other party.


Definitions:

Bad-Check Statute

Laws that penalize individuals who knowingly write checks from a bank account without sufficient funds.

Drawee Bank

The bank upon which a check is drawn, responsible for paying the check amount to the bearer or designated payee.

Drawer

The party who draws a draft, that is, the party who orders that the money be paid.

Payee

The party named in a note or draft to whom payment is to be made.

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