Which of the following is a check for which both the drawer and the drawee are the same bank,and the payee of the check is a specific person?
A)Certified
B)Unqualified
C)Qualified
D)Cashier's
E)Third-party

Question

Quizplus · Accepted Answer

Uniform Commercial Code Section 3-104(g)defines a cashier's check as a check for which both the drawer and the drawee are the same bank.The payee of the check is a specific person.In other words,the bank is drawing on itself and thus assumes the responsibility for paying the check to that specific person.

Which of the Following Is a Check for Which Both