Community Bank receives a check drawn by Dennis. The check lacks a proper indorsement. Payment can be postponed without dishonor
A) indefinitely.
B) under no circumstances.
C) for thirty days.
D) until the proper indorsement is obtained.
Correct Answer:
Verified
Q47: Fran signs a note "payable to the
Q48: Cici signs a check "pay to the
Q49: Celine issues a note "payable to the
Q50: Elena, an employee of Builders, Inc., forges
Q51: Fact Pattern 27-2
Lisa writes a check on
Q53: Gulf Bank receives a check drawn by
Q54: Olivia is Physicians Clinic agent and is
Q55: Fact Pattern 27-1
Chuck is the maker of
Q56: Fact Pattern 27-2
Lisa writes a check on
Q57: Jen is the maker of a note,
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