Marti issues a check payable to the order of John,who indorses the check in blank and transfers the check to Amy,who transfers the check to Bill without indorsement.Bill wishes to cash the check.Which of the following best describes the liabilities of the parties?
A) The drawee bank is primarily liable on the check.
B) At this point,no one is primarily liable on the check.
C) The drawee bank is not primarily liable on the check until it accepts the check.
D) Marti is primarily liable on the check.
E) B and C only are correct.
Correct Answer:
Verified
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