Shauna drew a cheque on her account at the Bank of Whitehorse.That cheque passed through several people before Kyle acquired possession of it.Because Shauna's account was overdrawn,the Bank of Whitehorse dishonoured the cheque when Kyle presented it for payment.Kyle realizes that there is no point in suing Shauna because she simply does not have any money.Is there anyone else to whom Kyle can look for payment? Do you require any additional information in order to fully answer this question?
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q68: When writing a cheque made out to
Q69: Briefly compare and contrast a postdated cheque
Q70: What is the difference between a demand
Q70: Bob signs his name on the back
Q73: Jordan bought a widget from Sara.He paid
Q74: Identify two types of endorsements that may
Q75: Chris fraudulently induced Lucianna into drawing a
Q76: Although you agreed to sell a widget
Q77: Maxim received a cheque that was specially
Q78: You are the manager of the York
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