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Before an Indorser Can Be Held Responsible for Payment of a Check,the

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Before an indorser can be held responsible for payment of a check,the check must be presented to the drawee bank for payment.


Definitions:

Potential Market

The entire market universe that could potentially buy a product or service, considering all possible customers who fall within a segment.

Prototype

An early sample, model, or release of a product built to test a concept or process, serving as a thing to be replicated or learned from.

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