Bob writes a check to Sally. Sally endorses it over to Carl. Carl endorses and deposits it
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Bob writes a check to Sally. Sally endorses it over to Carl. Carl endorses and deposits it in his account at Big Bank. It turns out there are insufficient funds in Bob's account to cover the check and the check is dishonored. Which of the following statements is true? A. Bob is primarily liable to satisfy the check. B. Sally is primarily liable to satisfy the check. C. Bob is secondarily liable to satisfy the check. D. Big Bank is primarily liable to satisfy the check.
Related Book For
Introduction to Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff rey F. Beatty, Susan S. Samuelson
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