A Cashier's Check Is a Check Drawn by a Bank

question 16

True/False

A cashier's check is a check drawn by a bank upon itself to the order of a named payee.

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Definitions:

Fully Responsible

Refers to being wholly accountable for an action or situation without exception.

Contracts

Legally binding agreements between two or more parties that outline duties, rights, and obligations.

Life Insurance

A contract between an insurer and an insured individual that promises payment of a death benefit to designated beneficiaries upon the insured's death.

Contracts

Legally binding agreements between two or more parties that are enforceable by law.