An indorser is discharged if a check is not presented for payment or given to a depositary bank for collection within ____ days of the indorsement.
A) ten
B) fourteen
C) thirty
D) ninety

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), an indorser is discharged if a check is not presented for payment or given to a depositary bank for collection within 30 days of the indorsement.

An Indorser Is Discharged If a Check Is Not Presented