Employers Company draws a check payable to Felipe. Felipe indorses the back and negotiates the check to Guarantors Bank. Primarily liable on the check is
A) Employers Company.
B) Felipe.
C) Guarantors Bank.
D) none of the choices.
Correct Answer:
Verified
Q17: Generally, when an indorsement is unauthorized, the
Q18: Warranty liability does not arise when a
Q19: An investor who signs a note on
Q20: A person who transfers an instrument for
Q21: The lack or failure of consideration is
Q21: The lack or failure of consideration is
Q23: Because a maker who issues an incomplete
Q24: To protect consumers who buy defective products,
Q26: A consumer who signs a note to
Q27: The destruction or mutilation of an instrument
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