Fact Pattern 25-1B (Questions B5-B6 apply)
Thalia signs an instrument unconditionally promising to pay to "Union Bank" $7500 with interest in installments with the final payment due June 1, 2017.
-Refer to Fact Pattern 25-1B. With respect to this instrument, Union Bank is
A) the drawee.
B) the indorser.
C) the maker.
D) the payee.

Question

Quizplus · Accepted Answer

Union Bank is the payee because it is the entity to whom the payment is promised in the instrument signed by Thalia.

Fact Pattern 25-1B (Questions B5-B6 Apply)