Which of the following do a certified check and a cashier's check have in common?
A)The bank is primarily liable on each.
B)The bank is secondarily liable on each.
C)Both are drawn by the bank on itself.
D)Technically,the bank is not liable to a holder of either kind of check.

Question

Quizplus · Accepted Answer

A bank adds its signature to a certified check to show that it has accepted primary liability for paying it.The bank is also primarily liable on the cashier's check.

Which of the Following Do a Certified Check and a Cashier's