Darwin writes a check to Education Loan Management,Inc.,that is drawn on Darwin's account at First Federal Bank.If the bank does not accept the check,liability for its amount is on
A) Darwin.
B) Education Loan Management.
C) First Federal Bank.
D) no one.

Question

Darwin writes a check to Education Loan Management,Inc.,that is drawn on Darwin's account at First Federal Bank.If the bank does not accept the check,liability for its amount is on 
A) ​Darwin. 
B) ​Education Loan Management. 
C) ​First Federal Bank. 
D) ​no one.

Quizplus · Accepted Answer

The liability for the amount of the check is on Darwin since he is the drawer of the check and has the responsibility to ensure that there are sufficient funds in his account to cover the check. If the bank does not accept the check, Darwin will be responsible for providing alternative payment.

Darwin Writes a Check to Education Loan Management,Inc