In Which of the Following Types of Checks Does the Bank

question 5

Multiple Choice

In which of the following types of checks does the bank draw on itself to pay a specific person?

• A) Certified.
• B) Agreed.
• C) Acknowledged.
• D) Cashier's.
• E) Promise.

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Definitions:

Common Law

A legal system based on custom and court rulings rather than written laws.

Pledge Form

A document or form that is filled out to indicate a commitment to donate a specified amount of money or resources, often used by charities and non-profit organizations.

Charity

An organization set up to provide help and raise money for those in need.

Reasonable Price

A price that is fair and suitable for the value or quality of goods or services provided, often considered in a legal context.