A check involves three parties:
A) The writer, the cashier, and the bank.
B) The maker, the payee, and the bank.
C) The maker, the manager, and the payee.
D) The bookkeeper, the payee, and the bank.
E) The signer, the cashier, and the company.

Question

Quizplus · Accepted Answer

The maker (writer of the check), the payee (recipient of the check), and the bank where the check is deposited or cashed are the three parties involved in a check transaction. The cashier or manager may be involved at the bank, but are not considered one of the three primary parties. The bookkeeper and company may be involved in check transactions, but only as the maker or payee, depending on the situation.

A Check Involves Three Parties