Ellen draws a check on his checking account at Center Bank "payable to the order of Cary Gardner." When Cary presents the check for payment,Center Bank refuses to pay it even though there are sufficient funds in Ellen's account to pay Cary.Can Cary collect the amount of the check? If yes,how?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q76: A drawee that refuses to pay a
Q77: If there is a breach of contract,the
Q78: Material alteration,extreme duress,forgery,and mental incapacity are examples
Q79: Most indorsements appear on the front of
Q80: An instrument is dishonored when it is
Q82: Mara draws a $1,000 check on Royal
Q83: Transfer and presentment warranties shift the risk
Q84: Give an example of a situation where
Q85: Diana borrows $10,000 from Thomas and signs
Q86: A negotiable instrument is considered canceled if
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