Examlex
Which of the following is true of the unity of direction principle?
Drawee Bank
Drawee bank refers to the bank upon which a check or draft is drawn, responsible for paying the specified amount of money to the entity presenting the check for payment.
Payor Bank
A bank that is responsible for paying the check or draft drawn on the funds deposited in an account.
Unauthorized Signatures
Signatures made without the proper permission or authority, potentially voiding or bringing into question the validity of the document signed.
Alterations
Changes or modifications made to documents, clothing, property, or other objects, often requiring consent or agreement when concerning legal or contractual matters.
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