Who is primarily liable on a certified check?
A) The payee
B) The drawer
C) The certifying drawee bank
D) No party is primarily liable
Correct Answer:
Verified
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
Q38: Ted stole Ron's checkbook and wrote a
Q39: Larry signed a note to the Bank,and
Q40: The acceptor's obligation:
A)extends to a person entitled
Q41: What are the most common ways that
Q42: Conversion of an instrument:
A)is an authorized assumption
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