menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Business Law and the Legal Environment Study Set 1
  4. Exam
    Exam 26: Liability of Parties
  5. Question
    First Bank Returns a Check Because It Lacks a Necessary
Solved

First Bank Returns a Check Because It Lacks a Necessary

Question 27

Question 27

True/False

First Bank returns a check because it lacks a necessary indorsement.This action constitutes a dishonor of the check.

Correct Answer:

verifed

Verified

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

Related Questions

Q23: Warranty liability applies to persons who:<br>A) Both 

Q24: A(n) _ signs an instrument to lend

Q24: What is the difference between the liability

Q26: Warranties of a person obtaining payment or

Q28: A signature may be made by an

Q28: If a holder presents a note for

Q29: In Cohen v.Disner the court found that

Q32: Franz signs a $1,000 note payable to

Q49: Indorsers of all instruments incur primary liability

Q55: List and generally explain the warranties on

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines