Examlex
Which of the following statements is TRUE?
Joint Payees
Individuals or entities who are named together on a financial instrument and to whom the amount specified is payable jointly.
Payable
The status of an obligation that is due to be paid.
Instrument
A written legal document that formalizes an agreement or an obligation.
Drawer
In banking and finance, the person who writes or draws a check, draft, or bill of exchange.
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