Examlex
Which of the following statements is true?
Teller's Check
A bank check that is drawn on the bank's own funds and signed by a cashier.
Drawer
The entity or person who writes or creates a check, thereby instructing the bank to pay the stated amount to the party named on the check.
Drawee
The party upon whom a check or draft is drawn, typically a bank, that is directed to pay a certain amount of money.
Stop-payment Order
An instruction given to a bank to stop a check or payment that hasn't been completed.
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