A demand that is made on a payor bank to accept a check and make payment on it i
ID: 391329 • Letter: A
Question
A demand that is made on a payor bank to accept a check and make payment on it is a __________of the check.
Settlement
Endorsement
Set off
Presentment
In a standard checking account, the party who has the account with the bank and signs the check is the______________; the bank who is obligated to pay the check from the owner's account is the _____________.
Drawee------------------------Drawer
Drawer--------------------Drawee
Payor----------------------payee
Payee--------------------payor
A.)Settlement
B.)Endorsement
C.)Set off
D.)Presentment
Explanation / Answer
Answer.
A demand that is made on a payor bank to accept a check and make payment on it is a
D) presentment
In a standard checking account, the party who has the account with the bank and signs the check is the______________; the bank who is obligated to pay the check from the owner's account is the _____________
B) drawer ............... Drawee
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