Puck signs a check "pay to the order of Quik Mart" drawn on Puck's account in Regional Bank.Puck shows the check to Silky,who agrees that the signature is Puck's and that Quik Mart is owed the amount that the check represents.Quik Mart signs the back of the check.Liability on this check extends to

Question

Quizplus · Accepted Answer

The liability on this check extends to Puck and Quik Mart only because Quik Mart has endorsed the check by signing the back. Regional Bank is not liable as they have properly processed the check and Silky is also not liable as they have only verified the authenticity of Puck's signature and Quik Mart's endorsement.

Puck Signs a Check "Pay to the Order of Quik