Ivy wants to buy a necklace from Bethany for $500 and offers to write a check.To protect herself,Bethany insists that Ivy give her a certified check.If Ivy does this,who then becomes primarily liable?
A) Bethany
B) the bank
C) Ivy
D) both Ivy and the bank
Correct Answer:
Verified
Q23: Mack writes a check to his maid,Marianne,in
Q24: Alejandro signs on the back of an
Q25: An accommodation party on a negotiable instrument
A)typically
Q26: Tom indorsed a check made payable to
Q27: Generally,indorsers are not liable under signature liability
Q29: When a negotiable instrument is transferred,the transferor
Q30: Which of the following statements regarding instrument
Q31: Cecilia made a check out to Gideon
Q32: An instrument ordering someone else to pay
Q33: Anyone who presents a check for payment
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