Ami writes a cheque on his account at the Bank of Credit and Commerce to Karma Architects, Inc for plans for a new house. Karma endorses the back of the cheque, "payable to the RBS bank" and hands it over to the bank
Which of the following statements is TRUE?
A) Ami is the endorser
B) Karma Architects, Inc. is the drawer
C) The RBS Bank is a holder in due course
D) Karma Architects, Inc. is the first holder in due course
E) The Bank of Credit and Commerce is the payee
C
You might also like to view...
Which of the following BEST describes publicity?
a. It is free communication. b. It has many internal costs to the company associated with it. c. It will never damage a company because it performs the information task of promotion. d. It has to be purchased from the mass media.
Researchers enter the realm of the decision maker when they ________
A) make an appointment no less than 2 weeks in advance B) state the facts C) send an invoice for professional services they have redeemed D) explain the research design E) give justification for a recommended course of action over others