Webb17 dec. 2024 · A: Assuming what you are being told (by whom?) is true, the bank that paid the check is legally liable to the person or company to whom the check was made … Webb9 aug. 2024 · A person to whom a promissory note, check, or bill of exchange is made payable. The payee is the recipient of the payment. For example, when writing a check, the person who the check is made out to is the payee. When paying a bill, the company such as the utility company who is being paid is the payee. Who is drawer and payee?
Quia - Chapter 9 Checking Accounts
Webb6 maj 2024 · Typically checks must be dated within the last 180 days to be considered valid. Custodians will also refuse checks if the numerical dollar amount doesn’t match … WebbThe maker of a cheque is called the 'drawer', and the person directed to pay is the 'drawee'. The person named in the instrument, to whom or to whose order the money is, by the … improv activities for elementary students
Chapter 9 Flashcards Chegg.com
WebbThe person to whom a check is made payable is called the _. maker/drawer The person authorized to write checks on an account is called the _. joint A (n) _ endorsement requires two signatures. currency Paper money in the form of dollar bills, fives, tens, and so on, is … WebbOn a trade acceptance, the seller is both the drawer and the payee. Drawer The party that is ordered to pay a draft or check. With a check, a financial institution is always the drawee. Acceptance The first transfer, or delivery, of an instrument to a holder Payee The drawee's signed agreement to pay a draft when presented. Webb23 jan. 2011 · No. The only person who can cash a cheque is the person to whom it was made out to. The bank will not pay cash to anyone else. However, if the person has given … impro valentin haüy chilly mazarin