A check involves 3 parties: the maker who signs the check, the payee who is the recipient, and the bank on which the check is drawn.

Name: A check involves 3 parties: the maker who signs the check, the payee who is the recipient, and the bank on which the check is drawn.
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Question

Quizplus · Accepted Answer

This is true. The maker of the check signs it and designates the payee, who is the person or organization receiving the funds. The bank on which the check is drawn holds the funds and processes the transaction.

A Check Involves 3 Parties: the Maker Who Signs the Check