Examlex
Directions: Choose the best answer based on the information you read in Chapter 8. A more personal voice can be found in
Receiving
The process of accepting delivery of goods, verifying them against purchase orders, and formally acknowledging possession.
Cashier's Check
A check issued by a bank, drawn on its own funds rather than that of a personal account, ensuring the availability of funds.
Drawer
The party that writes or creates a bill of exchange, such as a check, directing a drawee to pay a specified sum to a payee.
Drawee
The party, typically a bank, upon whom a check or draft is drawn and is expected to pay the stated amount.
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