A Check Involves Three Parties

question 22

Multiple Choice

A check involves three parties:

• A) The writer, the cashier, and the bank.
• B) The maker, the payee, and the bank.
• C) The maker, the manager, and the payee.
• D) The bookkeeper, the payee, and the bank.
• E) The signer, the cashier, and the company.

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Definitions:

Act of Commission

An action taken by a person or group intentionally that causes something to occur.

Crimes

Acts or omissions that violate laws which are enforceable by the government and are punishable by fines, imprisonment, or other sanctions.

Criminal Law

The body of law that relates to crime and prescribes conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.

Compensate

To make amends for loss or harm suffered; to pay or reimburse someone for damages or losses incurred.