The Party Who Agrees to Make a Payment to Another

question 101

True/False

The party who agrees to make a payment to another party, based on a document presented to it, such as a bank, is called the drawee.

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Definitions:

Weekly Allowance

A fixed amount of money given on a weekly basis, often from parents to children, as a way of teaching financial responsibility.

Discrimination

The unjust or prejudicial treatment of different categories of people, often based on race, age, sex, or disability.

Punished

The act of imposing a consequence or penalty on someone for a perceived wrongdoing or undesirable behavior.

Responses

Reactions or replies to stimuli, questions, or actions, which can vary from verbal to non-verbal and emotional to physical.