Makena draws a check for $900 payable to the order of Jan. Jan indorses the check in

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Makena draws a check for $900 payable to the order of Jan. Jan indorses the check in blank and transfers it to Owen.

Owen presents the check to First National Bank, the drawee bank, for payment. If the bank does not honor the check, is Makena liable to Owen? Could Makena also be subject to criminal prosecution? Explain your answers.

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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 26, 2024 03:02 AM

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Makena draws a check for $900 payable to the order of Jan. Jan indorses the check in

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Yes to both questions In a civil suit a drawe...View the full answer

Business Law Text And Exercises

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