A check has the following indorsements on the back: Paul Frank Without recourse George Hopkins Payment guaranteed
Question:
A check has the following indorsements on the back: Paul Frank Without recourse George Hopkins Payment guaranteed Ann Quarry Collection guaranteed Rachel Ott Which of the following conditions occurring subsequent to the indorsements would discharge all of the indorsers?
(a) Lack of notice of dishonor
(b) Late presentment
(c) Insolvency of the maker
(d) Certification of the check
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The correct answer is d Certification of the check When a check is certified by the ba...View the full answer
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Related Book For 
Essentials Of Business Law
ISBN: 9781337404198
6th Edition
Authors: Jeffrey F Beatty, Susan S Samuelson
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