Solved

Community Bank Receives a Check Drawn by Dennis

Question 67

Multiple Choice

Community Bank receives a check drawn by Dennis. The check lacks a proper indorsement. Payment can be postponed without dishonor

A) indefinitely.
B) under no circumstances.
C) for thirty days.
D) until the proper indorsement is obtained.

Related Questions

Q62: All parties to a negotiable instrument will

Q63: To borrow the money to buy a

Q64: Fact Pattern 27-2<br>Lisa writes a check on

Q65: Transfer of an order instrument by indorsement

Q66: A person who transfers an instrument for

Q68: An imposter's indorsement on an instrument can

Q69: The dishonor of an instrument relieves secondary

Q70: Harley signs a check payable to Pro

Q71: Cici signs a check "pay to the

Q72: Under the fictitious payee rule, the payee's