Paulo draws a check for $500 payable to the order of Mary. Mary indorses the check in

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Paulo draws a check for $500 payable to the order of Mary. Mary indorses the check in blank and transfers it to Sam. Sam presents the check to First National Bank, the drawee, for payment. If the bank does not pay the check, the bank is liable to

a. Sam.

b. Paulo.

c. Mary.

d. none of the above.

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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 03:01 AM

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Paulo draws a check for $500 payable to the order of Mary. Mary indorses the check in

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Business Law Text And Exercises

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