Solved

Which of the Following Is the Most Likely Result of Betty's

Question 53

Multiple Choice

Which of the following is the most likely result of Betty's request that Doreen pay the amount due on the check?

A) It is likely that Doreen will have to pay the check as a secondarily liable party.
B) It is unlikely that Doreen will have to pay on the check because the UCC states that a check must be presented within 60 days in order to hold a drawer secondarily liable.
C) It is unlikely that Doreen will have to pay on the check because the UCC states that a check must be presented within 30 days in order to hold a drawer secondarily liable.
D) It is unlikely that Doreen will have to pay on the check because the UCC states that a check must be presented within 20 days in order to hold a drawer secondarily liable.
E) It is unlikely that Doreen will have to pay on the check because the UCC states that a check must be presented within 10 days in order to hold a drawer secondarily liable.

Correct Answer: