Brendan signs a check “pay to the order of City College Bookstore” drawn on his account in Delta Bank to pay for his current semester’s textbooks. The bookstore deposits the check in its account in Eagle Bank. Like most checks, this check is
A. a one-party instrument.
B. a four-party instrument.
C. a three-party instrument.
D. a two-party instrument.
Answer:C
Brendan signs a check “pay to the order of City College Bookstore” drawn on his account in Delta Bank to pay for his current semester’s textbooks. The bookstore deposits the check in its account in Eagle Bank. Like most checks, this check is
A. a one-party instrument. B. a four-party instrument. C. a three-party instrument. D. a two-party instrument.