Jaqi is the holder and payee of a check drawn by Kerin on Lake City Bank.Jaqi takes the check to the bank to have it certified.After certification
A)Kerin is discharged on the check.
B)Kerin is primarily liable on the check.
C)the bank is discharged on the check.
D)the bank is secondarily liable on the check.

Question

Quizplus · Accepted Answer

When a check is certified by the bank, the bank assumes primary liability for the payment, and the drawer (Kerin) is discharged from liability.

Jaqi Is the Holder and Payee of a Check Drawn