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When a Person Indorses a Check,the Indorser Assumes Contractual Liability

Question 1

Multiple Choice

When a person indorses a check,the indorser assumes contractual liability based on the indorsement.This liability expires unless presentment is made:


A) within 7 days of indorsement.
B) within 14 days of indorsement.
C) within 30 days of indorsement.
D) liability doesn't expire.

Correct Answer:

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