Thomas, the holder of a check, presents it to the drawee bank for payment. If Thomas endorses 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' endorsement of the check does not necessarily warrant the sufficiency of funds in the drawer's account. The drawee bank is responsible for verifying the availability of funds and honoring the check if there are sufficient funds.

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