When a person indorses a check,the indorser assumes contractual liability based on the indorsement.This liability expires unless presentment is made
A) within 3 days of indorsement.
B) within 7 days of indorsement.
C) within 30 days of indorsement.
D) within a reasonable time after the indorsement.
Correct Answer:
Verified
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
Q35: Jessie is the maker of a $1,000
Q36: Check kiting is defined as
A)indorsing a check
Q37: Which of the following parties has primary
Q38: Lana wrote a check knowing that she
Q39: Which of the following will discharge an
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