Fiona writes a check "pay to the order of Gerri" drawn on Fiona's account at Home & Farm Bank. Gerri presents the check for payment to Home & Farm, which accepts it. Primarily liable on the check is
A)Fiona.
B)Gerri.
C)Home & Farm.
D)none of the choices.

Question

Fiona writes a check "pay to the order of Gerri" drawn on Fiona's account at Home & Farm Bank. Gerri presents the check for payment to Home & Farm, which accepts it. Primarily liable on the check is​
A)Fiona.
B)Gerri.
C)Home & Farm.
D)none of the choices.

Quizplus · Accepted Answer

Home & Farm Bank is primarily liable on the check because it accepted the check when Gerri presented it for payment. Once a bank accepts a check, it becomes primarily liable for paying the amount specified on the check.

Fiona Writes a Check "Pay to the Order of Gerri