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

Name: A cheque involves three parties: the maker, who signs the cheque, the payee, who is the recipient, and the bank, on which the cheque is drawn.
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Question

Quizplus · Accepted Answer

This is a correct statement. A cheque requires the signature of the maker, the name of the payee, and the bank on which the cheque is drawn to be valid.

A Cheque Involves Three Parties: the Maker, Who Signs the Cheque