Thursday, August 8, 2013

Who is a check presented to for payment?


Under the Negotiable Instruments Article of the UCC, the proper party to whom a check is presented for payment is:
a. The drawer.
b. The maker.
c. The holder.
d. The drawee
Choice "d" is correct.
A drawer (the check writer) draws a check payable to the payee from the drawee bank.

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