Daria writes a check to Education Loan Management,Inc.,that is drawn on Daria's account at First Federal Bank. If the bank does not accept the check,liability for its amount is on
A)Daria.
B)Education Loan Management.
C)First Federal Bank.
D)no one.

Question

Quizplus · Accepted Answer

The account holder is ultimately responsible for ensuring that there are sufficient funds in their account to cover the amount of the check. If the bank does not accept the check due to insufficient funds or other reasons, the liability for the amount of the check falls on the account holder, in this case, Daria.

Daria Writes a Check to Education Loan Management,Inc