Who is primarily liable on a check when it is issued?
A) The payee is primarily liable
B) The drawer is primarily liable
C) The drawee bank is primarily liable
D) No party is primarily liable
Correct Answer:
Verified
Q27: Which of the following is true of
Q28: Alice drew a check on her account
Q29: Mack is Bertha's agent and is authorized
Q29: Which of the following is true of
Q30: Mila borrows $1,000 from Pedro to pay
Q32: Peter draws a check on his account
Q33: When an incomplete instrument is completed after
Q34: Susan borrows $1,000 from Jack and gives
Q35: A non-indorsing transferor:
A)makes all five transferor's warranties
Q36: James draws a check on his account
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