Thomas, the holder of a check, presents it to the drawee bank for payment. If Thomas indorses the check, Thomas warrants that the account of the drawer in the drawee bank contains funds sufficient to cover the check.

Question

Quizplus · Accepted Answer

Thomas does not warrant that the account of the drawer in the drawee bank contains sufficient funds. That is the responsibility of the drawer, not the endorser.

Thomas, the Holder of a Check, Presents It to the Drawee