Which one of the following is a three-party transaction?
A)a promissory note
B)a certificate of deposit
C)an ordinary lease
D)a draft

Name: Which one of the following is a three-party transaction? A)a promissory note B)a certificate of deposit C)an ordinary lease D)a draft
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Question

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A draft involves three parties: the drawer (who orders payment), the drawee (who is ordered to make payment), and the payee (who receives payment).

Which One of the Following Is a Three-Party Transaction