Which of the following parties is primarily liable on a certified check?
A) The payee who is a certified holder of the check
B) The drawer
C) The drawee bank that certifies the check
D) The cashier

Question

Quizplus · Accepted Answer

At the time a check or other draft issues, no party is primarily liable on it. Usually, the drawee bank pays a check when it is presented for payment and no person becomes primarily liable. However, the drawer or a holder of the check may ask the drawee bank to accept or certify the check. If the drawee bank certifies the check, it becomes primarily or absolutely liable for paying the check as it reads at the time of its acceptance.

Which of the Following Parties Is Primarily Liable on a Certified