The Indorser's Liability Is Discharged If the Check Is Not

question 21

Multiple Choice

The indorser's liability is discharged if the check is not presented within:

• A)7 days after the date of endorsement.
• B)14 days after the date of endorsement.
• C)30 days after the date of endorsement.
• D)48 hours after the endorsement.

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Definitions:

Advertisers

Entities that promote products, services, or ideas to potential consumers through various forms of media.

Enjoyable Surroundings

Refers to environments or contexts that are pleasing and satisfying to an individual, enhancing their mood or well-being.

Grandfather Clauses

Legislative measures that allowed those who could vote before the Civil War, and their descendants, to bypass literacy tests and other obstacles to voting, effectively disenfranchising many African Americans.

Democratic Party

One of the two major contemporary political parties in the United States, traditionally associated with progressive and liberal policies.