When a Check Is Issued,the Party Who Is Paying the Cash

question 74

Multiple Choice

When a check is issued,the party who is paying the cash is referred to as the ________.

• A) payee
• B) maker
• C) bank signatory
• D) depositor

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Definitions:

Mutual Mistake

A legal doctrine where both parties entering into a contract have an incorrect belief about an important fact, potentially rendering the contract voidable.

Unilateral Mistake

A legal concept wherein one party to a contract is mistaken about a fundamental fact or term of the agreement.

Subsurface Soil Condition

Refers to the properties and characteristics of the soil beneath the surface, important for construction and agricultural activities.

Voidable

A term referring to a valid agreement that may be legally declared invalid by one of the parties.