The Drawee Is

question 16

Multiple Choice

The drawee is:

• A) one who directs a person or entity, usually a bank, to pay a sum of money stated in an instrument.
• B) the person or entity that a draft is directed to and that is ordered to pay the amount stated on it.
• C) the one who pledges to honor the draft as written.
• D) the party that signs a promissory note.
• E) one who has legal possession of a draft, note, or other negotiable instrument and who is entitled to payment.

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Definitions:

Customers

Individuals or organizations that purchase goods or services from a business, determining its success through their satisfaction and loyalty.

Technology

The application of scientific knowledge for practical purposes, particularly in industry and everyday life.

Account Control

The process of managing and overseeing a customer account to ensure satisfaction, retention, and profitability.