Lance writes Martin a check drawn on Lincoln Bank. Martin presents the check for payment at Lincoln Bank in a timely and proper manner. Lincoln refuses to pay. As a legal matter:

a. Martin has become secondarily liable on the check.
b. Martin has dishonored the check.
c. Lincoln has warranted the check.
d. Lincoln has dishonored the check.

Answer: d. Lincoln has dishonored the check.

Business

You might also like to view...

What is the minimum distance a load being moved from City 1 to City 7 must travel?

A) 3000 miles B) 2900 miles C) 1500 miles D) 2700 miles E) None of the above

Business

Only a minority of LANs use some version of Ethernet

Indicate whether the statement is true or false

Business