For an unaccepted draft, the drawer's liability is conditioned on presentment.
Correct Answer:
Verified
Q3: One of the transfer warranties is that
Q4: Two parties are primarily liable: the drawer
Q5: When acceptance or payment is refused after
Q6: If presentment is delayed, the drawer may
Q7: Agents are discouraged from signing instruments on
Q9: Authorized signatures are not binding if negligence
Q10: An accommodation maker is not primarily liable
Q11: Liability can also arise by warranty.
Q12: Unlike primary liability, secondary liability is conditional,
Q13: Bank returns a check for lack of
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