Marti Issues a Check Payable to the Order of John,who

question 32

Multiple Choice

Marti issues a check payable to the order of John,who indorses the check in blank and transfers the check to Amy,who transfers the check to Bill without indorsement.Bill wishes to cash the check.Which of the following best describes the liabilities of the parties?

• A) The drawee bank is primarily liable on the check.
• B) At this point,no one is primarily liable on the check.
• C) The drawee bank is not primarily liable on the check until it accepts the check.
• D) Marti is primarily liable on the check.
• E) B and C only are correct.

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Definitions:

Psychosexual Identity

An aspect of an individual's identity that relates to their sexual orientation, preferences, attitudes, and feelings.

Womanists

Advocates of womanism, a movement and ideology that centers on the experiences, struggles, and culture of Black women and other women of color.

Women of Color

refers to women of non-white racial or ethnic backgrounds and is used to highlight their unique experiences of discrimination and societal challenges.