Fact Pattern 22-3 To borrow the funds to pay tuition at State College, Tia signs an instrument unconditionally promising to pay to "United Credit Company" $17,500 with interest in installments with the final payment due June 30, 2028.
Refer to Fact Pattern 22-3. With respect to this instrument, Tia is
A) the drawee.
B) the indorser.
C) the maker.
D) the payee.

Question

Quizplus · Accepted Answer

Tia is the maker because she is the one who signs the instrument, promising to pay the specified amount to United Credit Company.

Fact Pattern 22-3 to Borrow the Funds to Pay Tuition