Alice Writes a Check "Pay to the Order of Caleb

question 86

Essay

Alice writes a check "Pay to the order of Caleb." The check is drawn on the Berkley's Bank.Who are the drawer,the drawee,and the payee on this instrument? Why is this check called order paper?

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Definitions:

Fraudulent

Involving deceit or trickery intended for personal gain or to cause a loss to another party.

Negligent Misstatement

A false statement made carelessly that is relied upon by another, leading to financial loss or injury.

Contract Term

A provision or condition in a contract specifying the rights and duties of the parties involved.

Intentional Misrepresentation

The act of knowingly presenting false information with the intention of deceiving another party.