Sign In
Ask Question
Turner Johnston
Business
18 October, 04:26
Which of the following is true about checks?
+1
WhatsApp
Telegram
Twitter
Answers (
1
)
Megan Caldwell
18 October, 04:40
0
Incomplete question. Here's the remaining question;
A. It is a two-party instrument.
B. It necessitates that the seller has to be both the drawer and the payee.
C. It is always payable on demand.
D. It requires that the drawer is holding the drawee's money.
Answer:
C
Explanation:
Note that, to be always paid on demand implies that any time a request is made (demanded) to the bank will be fulfilled.
Therefore, an individual has a sense of security using checks to receive payments.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“Which of the following is true about checks? ...”
in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is considered the most relevant interest rate when conducting monetary policy? A. Short-term nominal interest rate B. Long-term nominal interest rate C. Annual nominal interest rate
Answers (1)
Morgan considers Jessica an effective leader because she is intelligent, has high energy, and displays self-confidence. Morgan is characterizing Jessica based on which approach to leadership?
Answers (1)
Juan purchased an insurance policy on his house that did not protect against vandalism or burglary. An arsonist burned down the house. Did the insurance company have to pay
Answers (1)
Kansas Enterprises purchased equipment for $80,500 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $8,400 at the end of five years.
Answers (1)
Daw company's december 31 year-end unadjusted trial balance shows a $10,000 balance in notes receivable. this balance is from one 6% note dated december 1, with a period of 45 days. assume daw company does not prepare reversing entries.
Answers (1)
New Questions in Business
Sharp Focus Cameras is facing intense competitive pressure. Top marketing managers are looking for ways to cut costs. They are considering a plan to cut distribution costs by eliminating marketing intermediaries from the channel of distribution.
Answers (1)
Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:
Answers (1)
The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False
Answers (1)
What percentage of federal revenues is made up of corporate taxes
Answers (1)
F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
Answers (1)
Home
»
Business
» Which of the following is true about checks?
Sign In
Ask Question
Menu
Calculator
Subjects
History
English
Mathematics
Biology
Physics
Chemistry
Geography
Social Studies
Business
Law
Arts
SAT
Advanced Placement (AP)
Computers & Technology
Engineering
Sign In
close
Sign In
Sign Up
Forgot Password?