Question: Match the corresponding terms with the provided definitions for Chapter 26: Liability for Negotiable Instruments. Prompts Answers Moving funds between bank accounts to Check kiting
Match the corresponding terms with the provided definitions for Chapter 26: Liability for Negotiable Instruments. Prompts Answers Moving funds between bank accounts to Check kiting take advantage of the float. To pass on an instrument that one knows to Check kiting be forged. Discharge 3 Liability on an instrument terminates. Presentment Drawee 4 The liability of someone who receives payment on an instrument. Dishonor Warrant Liability 5 The bank of which a check is drawn. Utter 6 A holder of an instrument demands Select match payment from someone who is obligated to pay it. An obligor refuses to pay an instrument Select match that is due
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