Bill issues a check for $4,000, dated June 1, to Enzo. The check is drawn on Liberty

Question:

Bill issues a check for $4,000, dated June 1, to Enzo. The check is drawn on Liberty Home Bank. Enzo indorses the check and transfers it to Jane. Which of the following will trigger the liability of Bill and Enzo on the check, based on their signatures?

a. Presentment only.

b. Dishonor only.

c. Both presentment and dishonor.

d. Neither presentment nor dishonor.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

Question Posted: