Fact Pattern 22-3 to Borrow the Funds to Pay Tuition

question 50

Multiple Choice

Fact Pattern 22-3 To borrow the funds to pay tuition at State College, Tia signs an instrument unconditionally promising to pay to "United Credit Company" $17,500 with interest in installments with the final payment due June 30, 2028.
Refer to Fact Pattern 22-3. With respect to this instrument, Tia is

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

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Definitions:

R3

A designation for a resistor in an electrical circuit, the third identified resistor following an arbitrary or specified labeling convention.

Voltage Drop

The decrease in voltage along a conductor or component while it conducts electric current.

Applied Voltage

The electrical potential difference purposely introduced across a device or component, driving the current through it.

Resistance

An electrical quantity that measures how the device or material reduces the electric current flow through it, measured in Ohms (Ω).