The legal effect of a stale check is which of the following?
A) The drawee bank cannot pay it.
B) The drawer is no longer liable on it.
C) The bank is not under an obligation to pay it.
D) The payee must get the drawer to redate it.
Correct Answer:
Verified
Q37: The drawer's bank is also known as
Q38: When the amount of a check has
Q39: When a check is incomplete,the UCC places
Q40: A bank is not permitted to pay
Q43: In order for the holder of a
Q44: A stale check is a check that:
A)
Q45: Stop-payment orders:
A) must be in writing in
Q46: Which of the following is true about
Q47: Who can certify a check?
A) the drawee
B)
Q76: When the payee of a check indorses
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