Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Evelyn writes a check for $100 payable to Carter and drawn on Bank of the Ozarks. Carter makes a purchase at his local grocery store,

Evelyn writes a check for $100 payable to Carter and drawn on Bank of the Ozarks. Carter makes a purchase at his local grocery store, so Carter indorses the check on the back and gives it to Sean to pay for his groceries. Sean indorses the check on the back with the notation without recourse and deposits it in his account at First Federal Bank. The parties who signed the check and who will have primary liability to make payment of this check will be:

Evelyn, Carter, and Sean.

Evelyn and Sean.

Evelyn and Carter.

Carter and Sean.

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

Nuclear Auditing Handbook A Guide For Quality Systems Practitioners

Authors: Charles Moseley, Norman Moreau, Karen Douglas

1st Edition

1636940072, 978-1636940076

More Books

Students also viewed these Accounting questions

Question

1. What are the pros and cons of diversity for an organisation?

Answered: 1 week ago