Kip writes a check for $1,000 drawn on Liberty Bank and presents it to Moira.Moira presents the check for payment to Liberty Bank,which dis?hon?ors it.The party most likely liable to Moira is

Question

Quizplus · Accepted Answer

Kip is the primary party responsible for the check and is liable to Moira in a civil suit for the amount of the check. Liberty Bank may also face administrative proceedings, but this does not relieve Kip of his obligation to pay Moira. There is no indication of criminal activity, so option B is not applicable. Option D is also not correct as Kip is liable in this situation.

Kip Writes a Check for $1,000 Drawn on Liberty Bank