A drawee bank is primarily liable after it accepts the check.
Correct Answer:
Verified
Q6: What warranties are given by presenters depend
Q7: Drawers of checks may disclaim contractual liability
Q8: A time draft presented for payment is
Q9: Presentment for payment is excused if the
Q10: In the banking system,the time for dishonor
Q12: An accommodation party will always be secondarily
Q13: A drawee bank's refusal to certify a
Q14: Warranty liability may be imposed on both
Q15: Before an indorser can be held responsible
Q16: The signature of the maker of a
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