Asked by
Samuel Yankuba
on Dec 18, 2024Verified
A holder must present a check within ________ days of the endorsement to hold an endorser secondarily liable on a check.
A) 30
B) 60
C) 90
D) 120
E) 180
Endorser
A person who signs a negotiable instrument on the back to transfer ownership or to guarantee payment to someone else.
Secondarily Liable
Refers to the obligation to pay a debt or fulfill an obligation only if the primary party responsible fails to do so.
- Recognize the legal implications of endorsements on negotiable instruments.
Verified Answer
AA
Learning Objectives
- Recognize the legal implications of endorsements on negotiable instruments.
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