Solved

Which of the Following Is True About Primary Liability on a Check

Question 44

Multiple Choice

Which of the following is true about primary liability on a check?


A) No one has primary liability on a check when it is written, and no one can have primary liability until it is paid.
B) No one has primary liability on a check when it is written, but the drawee incurs primary liability if the check becomes certified.
C) No one has primary liability on a check when it is written, but the drawer incurs primary liability if the check is certified.
D) The drawee has primary liability when the check is written.
E) The drawer has primary liability when the check is written.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions