The payee of a check can indorse it to a third person by replacing his name on the check with that of the third party.
Correct Answer:
Verified
Q1: Certified checks become stale after two years
Q5: It is not necessary to have a
Q7: A creditor-debtor relationship between a customer and
Q10: A presentment warranty is a guarantee in
Q14: A cashier's check is a two-party check.
Q16: Checks are the most common form of
Q22: When the drawee bank receives a properly
Q36: A stop-payment order can be issued either
Q55: If a payer bank pays the altered
Q58: The drawer's failure to report a forged
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents