Derby Stables Writes a Check to Extendo Credit,Inc

question 14

Multiple Choice

Derby Stables writes a check to Extendo Credit,Inc.,that is drawn on Derby's account at Farm & Ranch Bank.If the bank does not accept the check,liability for its amount is on

• A)Derby.
• B)Extendo.
• C)Farm & Ranch.
• D)the holder of the check.

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