Fact Pattern 22-2 LNG Corporation and Midstates Utility Company Enter

question 10

Multiple Choice

Fact Pattern 22-2 LNG Corporation and Midstates Utility Company enter a contract for a sale of liquefied natural gas by LNG to Midstates. LNG draws a draft unconditionally ordering Midstates Utility to pay $50,000 to LNG's order in sixty days. Midstates Utility signs and dates the draft.
Refer to Fact Pattern 22-2. On this instrument, LNG is

• A) the drawee.
• B) the drawer.
• C) the maker.
• D) the payee.

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