Jakes Plumbing issues a draft for $500 on May 1, payable to the order of Business Credit

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Jake’s Plumbing issues a draft for $500 on May 1, payable to the order of Business Credit Corporation. The draft is drawn on First State Bank. If the bank does not accept the draft, who is liable for payment?

a. Jake’s Plumbing.

b. Business Credit Corporation.

c. First State 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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Jakes Plumbing issues a draft for $500 on May 1, payable to the order of Business Credit

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Business Law Text And Exercises

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