WAEC Commerce 2019 Question 23

Question 23

Banking

Use the diagram (a cheque: XYZ Bank of Commerce PLC, 55 Jones Road, Freetown, 18/06/2016, 'Pay Peter Saidy or Order the sum of Sixty thousand leones', Le 60,000.00, SIGN: Oki Williams) to answer the question. Oki Williams is the

Diagram for this question
  1. A.payee.
  2. B.endorser.
  3. C.drawer.
  4. D.drawee.
Show the answer and explanation

Answer: C (drawer.)

Explanation

Oki Williams signed the cheque, so he is the drawer.