A check involves three parties:Select one: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

Brooks

Business

14 November, 21:25

A check involves three parties:Select one: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.

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Answers (1)

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Cristian Barry · Answer 1

b. The maker, the payee, and the bank.

Explanation:

The check works as follow:

the maker is the person who sing the check in favor of the payee to withdraw from the bank a certain amount of cash.

We can then conclude:

the maker is the owner of the bank account.

It autorizhes the bank to withdraw from that account with the sole purpose to give it to the payee.

the payee is the person who is the owner of the check. It could transfer his possesion to another (endorse) or retire it on the bank

the bank is the place when the cash is deliverided to the payee.