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Peter purchased goods on a single occasion from Al Ghanim LLC for KD80,000.Since Peter was a first time and unknown customer, Al Ghanim refused to

Peter purchased goods on a single occasion from Al Ghanim LLC for KD80,000.Since Peter was a first time and unknown customer, Al Ghanim refused to accept his personal check.Al Ghanim has their bank account at NBK, while Peter has his with Gulf Bank.

a.If Al Ghanim agrees to accept a check from Peter, what type of check would he accept considering that Peter does have a bank account?

b.Why do you suggest Peter uses this particular commercial paper?

c.Draft the commercial paper to give effect to the transaction.

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