An indorser's liability is discharged if the check is not presented within _____ after the endorsement.

Question

Quizplus · Accepted Answer

If a bank accepted a draft (for example, by certifying a check) after an indorsement is made, the acceptance discharges the liability of the indorser. If notice of dishonor is required and proper notice is not given to the indorser, she is discharged of liability. And, where no one presents a check or gives it to a depositary bank for collection within 30 days after the date of an indorsement, the indorser's liability is discharged.

An Indorser's Liability Is Discharged If the Check Is Not