Multiple Choice
A certified check was presented for payment to the drawee bank, and the drawee bank dishonored the check. Which of the following parties is/are potentially liable to the holder?
A) the drawee only
B) the drawer only
C) the drawer and the drawee
D) the maker
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: Although a drawer has stopped payment on
Q12: Morris issued a check to Al in
Q13: Funds transfers made by businesses are governed
Q15: The act of stopping payment on a
Q16: The duties of a drawee bank include
Q19: A thief stole Art's checkbook and forged
Q25: Certification of a check at the request
Q30: A written stop payment order is effective
Q34: In the case of either a check
Q37: A written stop payment order or confirmation