Great Bread Company issues a draft for $1,000 on July 1, payable to the order of Baker

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Great Bread Company issues a draft for $1,000 on July 1, payable to the order of Baker Supplies Corporation. The draft is drawn on First National Bank. Before the bank accepts the draft, who has primary liability for payment?

a. Great Bread Company.

b. Baker Supplies Corporation.

c. First National Bank.

d. No one.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 26, 2024 03:02 AM

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Great Bread Company issues a draft for $1,000 on July 1, payable to the order of Baker

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Business Law Text And Exercises

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