Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Jimmy signs a check payable to Sally for $100. Sally takes this check, and decides to sign her name on the check and give

1. Jimmy signs a check payable to Sally for $100. Sally takes this check, and decides to sign her name on the check and give it to her friend Henry to whom she owes for some yardwork. Henry takes the check and goes to his bank. He hands it to the teller at the counter for deposit. The teller goes into her drawer to retrieve her stamp kit, proceeding to stamp "Payment promised after Noon on 4/10/2022. "Name of bank""

WHO IN THIS SITUATION COULD BE CONSIDERED AN INDORSER? Check all that apply:

- Jimmy

- Sally

- Henry

- Henry's Bank

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamic Business Law The Essentials

Authors: Nancy Kubasek, Neil Browne, Daniel Herron

4th edition

1260110699, 9781260110692, 9781259723582, 1259723585, 978-1259917103

More Books

Students also viewed these Law questions

Question

Differentiate among the types of clinical interviews.

Answered: 1 week ago

Question

How "wide" is a bit on a 10Gbps link? Use the editor to format your

Answered: 1 week ago