John Is a Holder in Due Course of a Check

question 8

Multiple Choice

John is a holder in due course of a check.John goes to the drawee bank,Last Chance Bank,to cash the check.What is the liability of Last Chance?

• A)Last Chance Bank is primarily liable on the check.
• B)Last Chance Bank is not primarily liable on the check until it accepts the check.
• C)Last Chance Bank is secondarily liable on the check.
• D)Last Chance Bank is not secondarily liable on the check until it accepts the check.

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Definitions:

Excessive Force

The application of force in a degree or manner that is not necessary, reasonable, or proportional to the situation, often discussed in the context of law enforcement.

Psychological Force

The influence or power of psychological factors or processes on an individual's behavior or mental state.

Bipolar Disorder

A psychiatric disorder marked by extreme mood swings, including periods of depression and episodes of mania or hypomania.

Disruptive Mood Dysregulation Disorder

A psychiatric disorder in children characterized by persistent irritability and frequent episodes of extreme, inappropriate anger.