Lynn draws a check for $900 payable to the order of Jan. Jan indorses the check in
Question:
Lynn 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 Lynn liable to Owen? Could Lynn also be subject to criminal prosecution? Explain your answers.
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Yes to both questions In a civil suit a drawe...View the full answer
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Related Book For 
Business Law Text and Exercises
ISBN: 978-1305509603
8th edition
Authors: Roger LeRoy Miller, William E. Hollowell
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