True/False
Thomas, the holder of a check, presents it to the drawee bank for payment. If Thomas indorses the check, Thomas warrants that the account of the drawer in the drawee bank contains funds sufficient to cover the check.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: The order or bearer character of a
Q42: The impostor rule is an exception to
Q43: Which of the following is true of
Q44: Clark is the senior payroll clerk for
Q45: A qualified indorsement is given by using
Q47: A restrictive indorsement specifies the purpose of
Q48: Negotiation of bearer paper requires:<br>A) delivery only.<br>B)
Q49: If a lost negotiable instrument is in
Q50: An indorsement "Pay to Donald Hames, Cathy
Q51: When the indorser merely signs a negotiable