A Check Involves Three Parties

question 48

Multiple Choice

A check involves three parties.The bank in which the drawer has money on deposit is called the

• A) drawer.
• B) drawee.
• C) payee.
• D) endorser.

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Definitions:

Trademark

An emblem, term, or phrase officially recorded or accepted through utilization to denote a firm or its products.

Federal Registration

The process by which a business or product is registered with a federal government agency, often to gain legal protection or permission to operate.

Trademark Protection

Legal rights granted to a trademark owner to use and protect a unique symbol, word, or phrase that distinguishes their products or services.

Non-Use

Non-Use pertains to the failure to utilize something, such as a trademark, which can affect legal rights or status.