When you write a check at the grocery store,you are the ________,your bank is the ________,and the grocery store is the ________.
A)payee; drawer; drawee
B)drawee; drawer; payee
C)drawer; drawee; payee
D)payee; drawee; drawer
E)drawee; payee; drawer

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code,a check is a special kind of draft.A draft is an instrument that is an order.Three parties are related to this order.First,the drawer is the party that gives the order.Second,the drawee is the party that must obey the order.Finally,the payee is the party that receives the benefit of the order.Thus,when you write a check at the grocery store,you are the drawer ordering the drawee (your bank)to make a payment to the payee (the grocery store).

When You Write a Check at the Grocery Store,you Are