Certification of a check by the drawee bank makes the bank primarily liable.
Correct Answer:
Verified
Q13: Unqualified indorsers have no liability on negotiable
Q14: The location of a person's signature on
Q15: Qualified indorsers and agents that properly sign
Q16: A party can incur contract liability on
Q17: Before a party can be held secondarily
Q19: A qualified indorser will incur secondary,rather than
Q20: Unqualified indorsers must pay any dishonored instrument
Q21: Of the following roles that persons who
Q22: Breach of contract is a real defense.
Q23: Someone can have warranty liability on an
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