Paulo draws a check for $500 payable to the order of Mary. Mary indorses the check in
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Paulo draws a check for $500 payable to the order of Mary. Mary indorses the check in blank and transfers it to Sam. Sam presents the check to First National Bank, the drawee, for payment. If the bank does not pay the check, the bank is liable to
a. Sam.
b. Paulo.
c. Mary.
d. none of the above.
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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