Drew Signs a Check "Pay to the Order of Eastern

question 71

Multiple Choice

Drew signs a check "pay to the order of Eastern State University" drawn on Drew's account in Fidelity Bank to pay her tuition. Drew is​

• A) ​the payee.
• B) ​the drawee.
• C) ​none of the choices.
• D) ​the drawer.

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Definitions:

Infinite Duration

A term used to denote a period that does not have an end or limit.

Fixed-Term Tenancy

A type of tenancy under which property is leased for a specified period of time, such as a month, a year, or a period of years; also called a tenancy for years.

Sublet

Refers to the act of a tenant renting out a space they have leased to another party.

Community Property

A form of concurrent property ownership in which each spouse owns an undivided one-half interest in property acquired during the marriage.