Fact Pattern 24-2B
Ewa signs an instrument unconditionally promising to pay to "Sunny State Bank" $5,000 with interest in installments with the final payment due June 1,2013.
-Refer to Fact Pattern 24-2B.With respect to this instrument,Sunny States Bank is
A)the drawee.
B)the drawer.
C)the maker.
D)the payee.

Question

Fact Pattern 24-2B 
Ewa signs an instrument unconditionally promising to pay to "Sunny State Bank" $5,000 with interest in installments with the final payment due June 1,2013.
-Refer to Fact Pattern 24-2B.With respect to this instrument,Sunny States Bank is
A)the drawee.
B)the drawer.
C)the maker.
D)the payee.

Quizplus · Accepted Answer

Sunny State Bank is the payee because it is the entity to whom the payment is promised.