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Unformatted text preview: 52 28. A cashier's check is a check drawn by a bank upon itself. A teller's check is a check drawn by a bank upon another bank, or payable at or through a bank. 29. This will not defeat negotiability. Such a note is considered to be payable on demand. 30. First, there is the sense in which drafts and checks involve an order to the drawee to pay money. Second, there is the sense in which the instrument is "order paper": made out to someone's order or further disposition. Answers to Student Study Guide and Workbook Questions 53...
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- Spring '09