Question

Fact Pattern 18-1
Ewa signs an instrument unconditionally promising to pay to "First State Bank" $5,000 with interest in installments with the final payment due June 1, 2012.
Refer to Fact Pattern 18-1. With respect to this instrument, First States Bank is
a. the drawee.
b. the drawer.
c. the maker.
d. the payee.

Answer

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