Bob took a check written by Jack to Jack's bank to be certified.The bank stamped "Certified" on it and gave it back to Bob.What consequence?
A) Bob can only demand the money from Jack.
B) Bob can only demand the money from the bank.
C) Bob would have to pay if the bank doesn't.
D) The bank would have to pay if Jack doesn't.

Question

Quizplus · Accepted Answer

When a bank certifies a check, it verifies that the signer has enough funds in their account to cover the check and sets aside those funds specifically for that check. Therefore, the bank guarantees the payment, and Bob can demand the money from the bank.

Bob Took a Check Written by Jack to Jack's Bank