A Check Involves 3 Parties: the Maker Who Signs the Check

question 72

True/False

A check involves 3 parties: the maker who signs the check, the payee who is the recipient, and the bank on which the check is drawn.

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Definitions:

Regulated Industries

Sectors under the direct control and rules of governmental agencies to ensure safety, fairness, and compliance.

Probable Cause

A reasonable basis for believing that a crime may have been committed or that evidence of the crime is present in the place to be searched.

Subpoena

A subpoena is a legal document that orders an individual or organization to appear in court or produce documents relevant to a legal case.

Federal Trade Commission

A federal agency responsible for protecting consumers and maintaining competition in the marketplace by preventing anticompetitive, deceptive, and unfair business practices.