Asked by
Sidra Siddiqui
on Nov 14, 2024Verified
Which one of the following is not necessarily a party to a check?
A) Maker
B) Buyer
C) Payee
D) Payer
Buyer
An individual or entity that purchases goods or services from another party, exchanging money for the ownership or use of the product or service.
Party to a Check
Individuals or entities involved in the transaction of a check, including the drawer, payee, and sometimes an endorser.
Maker
In financial terms, the party that creates or issues a promissory note or draft, committing to pay the specified amount.
- Uncover the identities involved in transactions executed through checks.
Verified Answer
JB
Learning Objectives
- Uncover the identities involved in transactions executed through checks.