Bank returns a check for lack of a necessary indorsement; the check has been dishonored.
Correct Answer:
Verified
Q8: For an unaccepted draft, the drawer's liability
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,
Q14: Presentment cannot be excused even if the
Q15: For contract liability purposes, signing parties are
Q16: Conversion is the civil equivalent of theft.
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Q18: For an indorser, the condition for liability
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