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 3 days of indorsement.
B) within 7 days of indorsement.
C) within 30 days of indorsement.
D) within a reasonable time after the indorsement.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Generally,indorsers are not liable under signature liability
Q29: Dwight Stringer signed three promissory notes as
Q30: Jessie is the maker of a $1,000
Q31: When a negotiable instrument is transferred,the transferor
Q32: Conversion means that someone has stolen an
Q34: Assume that Joel signs a promissory note
Q35: Warranty liability is the liability of someone
Q36: Under the UCC,all of the following have
Q37: An accommodation party on a negotiable instrument<br>A)typically
Q38: Maurina Barker is an agent of Southland,and